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Navigating the process of buying a new home in Oakland, 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 Oakland, CA or getting it ready for the market.
Identify the new home you want to buy in Oakland, 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 Oakland, 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 Oakland, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakland, 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 Oakland, 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 Oakland, 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 Oakland, 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 Oakland, 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 quick access to funds for residents in Oakland, allowing for seamless property purchases before selling existing homes. This flexibility helps avoid missing out on prime real estate opportunities. Oakland, California, is a diverse city with a population of approximately 430,000 residents. The demographics include a mix of cultures, making it a vibrant and inclusive community that celebrates its differences. The housing market in Oakland is known for its competitive nature, with a mix of historic and modern properties. Bridge loans help potential buyers navigate this market by providing immediate financial support for securing desired properties. Oakland boasts a range of attractions, including the iconic Lake Merritt, diverse culinary scene, and cultural hotspots like the Oakland Museum of California. With easy access to San Francisco, Oakland offers a unique blend of urban living and natural beauty.
Benefits of Bridge Loans in Oakland, California
