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Navigating the process of buying a new home in Menlo Park, 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 Menlo Park, CA or getting it ready for the market.
Identify the new home you want to buy in Menlo Park, 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 Menlo Park, 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 Menlo Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Menlo Park, 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 Menlo Park, 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 Menlo Park, 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 Menlo Park, 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 Menlo Park, 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!
Benefits of Bridge Loans: Bridge loans in Menlo Park offer flexible financing options for homeowners looking to buy a new property before selling their current one. They provide quick access to funds, bridge the gap between transactions, and enable smoother transitions without the stress of timing issues. Demographics: Menlo Park, a city in the heart of Silicon Valley, has a diverse population with a mix of tech professionals, families, and retirees. It boasts a high standard of living, excellent schools, and a strong sense of community. Housing Market: The housing market in Menlo Park is competitive, with a median home value well above the national average. Bridge loans can give buyers an edge in this market by allowing them to make strong cash offers, which are often preferred in fast-paced transactions. Main Attractions: Menlo Park is renowned for its beautiful parks, such as Bedwell Bayfront Park and Sharon Hills Park. The city also offers a plethora of dining options, boutique shops, and cultural events, making it an attractive place to live and visit.
Bridge Loans in Menlo Park, California
