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Navigating the process of buying a new home in Pacifica, 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 Pacifica, CA or getting it ready for the market.
Identify the new home you want to buy in Pacifica, 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 Pacifica, 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 Pacifica, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pacifica, 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 Pacifica, 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 Pacifica, 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 Pacifica, 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 Pacifica, 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 Pacifica offer homeowners the flexibility to purchase a new home before selling their existing property. This can be advantageous in a competitive real estate market, allowing for quick transactions and avoiding contingent offers. Demographics: Pacifica, a coastal city in California, has a diverse population with a strong sense of community. The city is known for its beautiful beaches, scenic coastal views, and outdoor recreational opportunities. Housing Market: Pacifica's housing market offers a range of options from oceanfront properties to cozy suburban homes. Bridge loans can help buyers secure a new home quickly, taking advantage of the competitive market conditions. Main Attractions: Some of the main attractions in Pacifica include the stunning Pacifica State Beach, the scenic Milagra Ridge, and the picturesque Sharp Park Golf Course, making it an ideal place for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Pacifica, California
