Get Approved at The Lowest Rate
Navigating the process of buying a new home in Palo Alto, 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 Palo Alto, CA or getting it ready for the market.
Identify the new home you want to buy in Palo Alto, 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 Palo Alto, 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 Palo Alto, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palo Alto, 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 Palo Alto, 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 Palo Alto, 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 Palo Alto, 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 Palo Alto, 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 Palo Alto provide a valuable financial tool for homeowners looking to purchase a new home before selling their current one. These short-term loans help bridge the gap between the purchase of a new property and the sale of the existing one, offering flexibility and convenience to borrowers. Demographically, Palo Alto is a diverse and vibrant community located in the heart of Silicon Valley. With a high concentration of tech companies and startups, the city attracts young professionals and families seeking a dynamic work-life balance. In terms of the housing market, Palo Alto boasts some of the most sought-after real estate in the country. Home prices have seen steady appreciation over the years, making it a lucrative investment opportunity for buyers and sellers alike. Main attractions in Palo Alto include the prestigious Stanford University, the iconic Hewlett-Packard Garage (considered the birthplace of Silicon Valley), and an array of art galleries, restaurants, and scenic parks that cater to residents and visitors of all ages.
The Benefits of Bridge Loans in Palo Alto, California
