Get Approved at The Lowest Rate
Navigating the process of buying a new home in New Almaden, 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 New Almaden, CA or getting it ready for the market.
Identify the new home you want to buy in New Almaden, 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 New Almaden, 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 New Almaden, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Almaden, 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 New Almaden, 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 New Almaden, 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 New Almaden, 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 New Almaden, 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 in New Almaden offer numerous benefits to homebuyers. They provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility allows buyers to secure their dream home without being contingent on selling their current property. New Almaden, with a population of around 2000 residents, is a quaint town nestled in the hills of Santa Clara County. The community boasts a rich history as a prominent mining town during the California Gold Rush. Its small-town charm, proximity to nature, and excellent schools make it an ideal place for families and retirees. The housing market in New Almaden is competitive yet offers a mix of historic homes and modern residences. The median home price is $1.2 million, with a steady appreciation rate. Bridge loans provide buyers with the financial leverage needed to navigate this dynamic market and secure their desired property. Main attractions in New Almaden include the Almaden Quicksilver County Park, boasting hiking trails and historical sites, and the New Almaden Mine, a National Historic Landmark. The town's serene environment, cultural heritage, and outdoor recreational opportunities make it a desirable location for homeowners.
Benefits of Bridge Loans in New Almaden, California
