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Navigating the process of buying a new home in Morgan Hill, 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 Morgan Hill, CA or getting it ready for the market.
Identify the new home you want to buy in Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, 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 Morgan Hill, 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 a convenient solution for homeowners in Morgan Hill, California, seeking to purchase a new home before selling their current one. These short-term loans provide financial flexibility by bridging the gap between the sale of the old property and the purchase of a new one. Morgan Hill, located in Santa Clara County, boasts a diverse population of approximately 45,000 residents. The city's demographic makeup comprises a mix of professionals, families, and retirees, contributing to a vibrant community atmosphere. The housing market in Morgan Hill is dynamic, with a range of residential options available for buyers. The median home value in the city is around $1 million, reflecting the desirability of the area and potential for appreciation over time. Some main attractions in Morgan Hill include the lush parks and recreational facilities, such as the picturesque Anderson Lake County Park and the vibrant Downtown area with its shops and restaurants. Additionally, the city hosts annual events like the Mushroom Mardi Gras, drawing visitors from across the region.
Benefits of Bridge Loans in Morgan Hill, California
