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Navigating the process of buying a new home in Novato, 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 Novato, CA or getting it ready for the market.
Identify the new home you want to buy in Novato, 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 Novato, 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 Novato, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Novato, 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 Novato, 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 Novato, 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 Novato, 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 Novato, 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 Novato, California offer quick financing solutions for homebuyers, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. This type of loan can provide flexibility and convenience during the transition period, reducing stress and ensuring a smoother home buying process. Novato, California, boasts a diverse demographic profile with a mix of young professionals, families, and retirees. The city offers a high quality of life with excellent schools, recreational activities, and a strong sense of community. Its proximity to San Francisco makes it an attractive location for those seeking a suburban lifestyle with easy access to urban amenities. The housing market in Novato, California, is dynamic and competitive, with a range of properties available to suit different budgets and preferences. The city has seen steady appreciation in home values, making it a lucrative investment opportunity for buyers and sellers alike. Bridge loans can provide an advantage in this market by enabling buyers to act quickly and secure their desired property. Novato, California, is home to several main attractions, including the picturesque Point Reyes National Seashore, the vibrant downtown area with shops and restaurants, and numerous parks and recreational facilities. Residents and visitors can enjoy outdoor activities such as hiking, biking, and water sports, making Novato a popular destination for nature lovers and outdoor enthusiasts.
Benefits of Bridge Loans in Novato, California
