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Navigating the process of buying a new home in Los Altos, CA while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Los Altos, CA or getting it ready for the market.
Identify the new home you want to buy in Los Altos, CA, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Los Altos, CA often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Los Altos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Los Altos, CA. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Los Altos, CA do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Los Altos, CA may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Los Altos, CA provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Los Altos, CA to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Los Altos, California provide quick financing solutions for homeowners looking to purchase a new home before selling their existing one. These short-term loans offer flexibility and convenience, allowing individuals to bridge the gap between the purchase of their new home and the sale of their current property. The demographic of Los Altos is characterized by a high median household income, well-educated population, and a strong sense of community. The city attracts individuals and families seeking a high quality of life with top-rated schools, beautiful neighborhoods, and proximity to tech hubs like Silicon Valley. The housing market in Los Altos is competitive with high property values and limited inventory. Bridge loans can help buyers secure their dream homes in this tight market by providing funds to make quick offers and close deals expeditiously. Some main attractions in Los Altos include the charming downtown area with boutique shops and restaurants, the Los Altos History Museum showcasing local history, and the scenic hiking trails in the nearby foothills of the Santa Cruz Mountains.
Benefits of Bridge Loans in Los Altos, California
