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Navigating the process of buying a new home in Oakley, 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 Oakley, CA or getting it ready for the market.
Identify the new home you want to buy in Oakley, 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 Oakley, 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 Oakley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakley, 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 Oakley, 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 Oakley, 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 Oakley, 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 Oakley, 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!
A bridge loan in Oakley, California can provide valuable financial assistance to individuals looking to purchase a new home before selling their existing one. This type of loan allows for a seamless transition between properties, eliminating the need for a contingent offer and enabling quick acquisitions. Demographically, Oakley is a vibrant city located in Contra Costa County. With a population of approximately 42,000 residents, Oakley offers a diverse community with a strong sense of local pride. The city is known for its family-friendly neighborhoods, excellent schools, and ample recreational opportunities. In terms of the housing market, Oakley presents a promising outlook for both buyers and sellers. The city's real estate market is characterized by steady appreciation rates and a high demand for housing. Bridge loans provide buyers with a competitive edge in a market where quick transactions are essential for securing desired properties. Some main attractions in Oakley include the scenic Big Break Regional Shoreline, a popular spot for outdoor enthusiasts, as well as the Oakley Plaza Shopping Center, offering a variety of shops and restaurants for residents to enjoy. Additionally, the city hosts community events throughout the year, fostering a strong sense of belonging among its residents.
Benefits of Bridge Loans in Oakley, California
