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Navigating the process of buying a new home in Los Gatos, 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 Gatos, CA or getting it ready for the market.
Identify the new home you want to buy in Los Gatos, 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 Gatos, 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 Gatos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Los Gatos, 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 Gatos, 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 Gatos, 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 Gatos, 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 Gatos, 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 Gatos provide a valuable resource for homeowners looking to purchase a new home before selling their current one. These loans offer quick access to funds, enabling homeowners to secure their new property without waiting for their existing home to sell. Demographics in Los Gatos show a mix of affluent residents, with a median household income above the national average. The city boasts excellent schools and a strong sense of community, making it an attractive place for families and professionals alike. The housing market in Los Gatos is characterized by high demand and limited inventory, leading to competitive conditions for buyers. Bridge loans can give buyers an edge in this market by providing the flexibility and financial support needed to secure a new home quickly. Some main attractions in Los Gatos include the picturesque downtown area, filled with boutique shops and gourmet restaurants. The beautiful parks and hiking trails offer outdoor enthusiasts plenty of opportunities for recreation, while the nearby wineries provide a taste of California's renowned wine country.
Benefits of Bridge Loans in Los Gatos, California
