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Navigating the process of buying a new home in Montara, 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 Montara, CA or getting it ready for the market.
Identify the new home you want to buy in Montara, 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 Montara, 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 Montara, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montara, 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 Montara, 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 Montara, 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 Montara, 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 Montara, 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 provide a short-term financing option for homeowners allowing them to purchase a new property before selling their existing one. This can be advantageous in a competitive market like Montara, California where houses sell quickly. Demographics: Montara, located in San Mateo County, has a population of around 3,000 residents. The town is known for its diverse community with a mix of professionals, families, and retirees. The median household income is above the national average, making it an attractive location for homebuyers. Housing Market: Montara's housing market is competitive with a median home value well above the state average. The market offers a mix of single-family homes, townhouses, and condos. Bridge loans can help prospective buyers secure properties in this sought-after location. Main Attractions: Montara State Beach, part of the larger Golden Gate National Recreation Area, is a popular destination for locals and tourists alike. The area offers hiking trails, stunning coastal views, and a picturesque lighthouse. Additionally, the nearby Montara Mountain provides opportunities for outdoor activities and exploration.
Bridge Loans in Montara, California