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Navigating the process of buying a new home in Mill Valley, 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 Mill Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Mill Valley, 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 Mill Valley, 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 Mill Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mill Valley, 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 Mill Valley, 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 Mill Valley, 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 Mill Valley, 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 Mill Valley, 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 play a crucial role in real estate transactions in Mill Valley, California. They provide short-term financing that allows homeowners to bridge the gap between selling their current home and purchasing a new one. This flexibility can be particularly advantageous in a competitive market like Mill Valley, where homes often sell quickly. Demographically, Mill Valley is known for its affluent population, with a median household income well above the state average. The town attracts residents seeking a high quality of life, excellent schools, and proximity to nature. This demographic profile makes it an ideal location for real estate investment, further enhancing the appeal of bridge loans. In terms of the housing market, Mill Valley has seen steady appreciation in property values over the years. The market is competitive, with limited inventory and high demand from buyers. Bridge loans can help homebuyers act quickly when the right property becomes available, giving them a competitive edge in negotiations. Some of the main attractions in Mill Valley include the stunning Mount Tamalpais State Park, which offers hiking trails and panoramic views of the Bay Area. The town also boasts a vibrant arts scene, with galleries, theaters, and music venues that cater to residents and visitors alike. With its natural beauty and cultural amenities, Mill Valley is a highly desirable place to live and invest in real estate.
Benefits of Bridge Loans in Mill Valley, California
