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Navigating the process of buying a new home in Newark, 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 Newark, CA or getting it ready for the market.
Identify the new home you want to buy in Newark, 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 Newark, 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 Newark, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newark, 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 Newark, 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 Newark, 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 Newark, 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 Newark, 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 Newark, California offer significant advantages to individuals in need of short-term financing for purchasing a new home before selling their existing property. These loans provide quick access to funds, allowing buyers to secure their new home without the hassle of contingent offers, which can be particularly advantageous in competitive real estate markets. Demographics in Newark, California show a diverse community with a mix of young professionals, families, and retirees. The city boasts a strong sense of community with excellent schools, parks, and recreational facilities, making it an attractive location for families looking to settle down. The housing market in Newark, California is characterized by steady growth and increasing property values. With a range of housing options from single-family homes to townhouses and condos, the market caters to a variety of budgets and preferences, offering opportunities for both investors and homeowners. Some of the main attractions in Newark, California include the scenic Coyote Hills Regional Park, ideal for outdoor enthusiasts and nature lovers. Additionally, the city's proximity to Silicon Valley provides residents with easy access to job opportunities and cultural attractions, making it a desirable place to live and work.
Benefits of Bridge Loans in Newark, California
