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Navigating the process of buying a new home in Milpitas, 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 Milpitas, CA or getting it ready for the market.
Identify the new home you want to buy in Milpitas, 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 Milpitas, 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 Milpitas, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Milpitas, 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 Milpitas, 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 Milpitas, 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 Milpitas, 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 Milpitas, 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 offer several benefits to homeowners in Milpitas, California. These short-term loans provide financial flexibility for those looking to purchase a new property before selling their current one. They enable buyers to make competitive offers, eliminate the need for a contingency sale, and bridge the gap between the purchase and sale of homes. Demographics: Milpitas, located in Santa Clara County, has a diverse population with a mix of cultures. The city attracts young professionals due to its proximity to major tech companies like Tesla and Cisco. It has a growing Asian community and a median household income higher than the national average. Housing Market: The housing market in Milpitas is competitive, with a median home value above the state average. Bridge loans help buyers secure new homes quickly, giving them an edge in the market. The city offers a mix of single-family homes, townhouses, and apartments to cater to various preferences. Main Attractions: Milpitas boasts a range of attractions, including the Great Mall for shopping enthusiasts, the Ed Levin County Park for outdoor activities, and the Milpitas Square for dining experiences. The city's central location provides easy access to San Francisco, San Jose, and other Bay Area hotspots.
Benefits of Bridge Loans in Milpitas, California
