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Navigating the process of buying a new home in Orinda, 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 Orinda, CA or getting it ready for the market.
Identify the new home you want to buy in Orinda, 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 Orinda, 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 Orinda, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Orinda, 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 Orinda, 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 Orinda, 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 Orinda, 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 Orinda, 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 Orinda, California offer a valuable financial solution for homeowners looking to purchase a new home before selling their current one. This type of loan helps bridge the financial gap and provides flexibility in real estate transactions. Demographically, Orinda is an affluent community located in the San Francisco Bay Area. With a population of around 18,000 residents, the town boasts a high median household income and a well-educated population, making it an attractive location for property investments. The housing market in Orinda is characterized by high property values and a competitive market. Bridge loans can help buyers secure their dream homes in this desirable location without missing out on opportunities due to timing constraints associated with selling their existing property. Orinda offers a range of main attractions, including the popular Orinda Theatre, which is a historic art deco movie theater that hosts a variety of events and screenings. The town also has beautiful parks, hiking trails, and a vibrant downtown area with shops and restaurants, making it an ideal place to live and explore.
Benefits of Bridge Loans in Orinda, California
