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Navigating the process of buying a new home in Pescadero, 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 Pescadero, CA or getting it ready for the market.
Identify the new home you want to buy in Pescadero, 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 Pescadero, 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 Pescadero, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pescadero, 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 Pescadero, 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 Pescadero, 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 Pescadero, 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 Pescadero, 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 Pescadero, California provide a valuable financing option for homebuyers looking to purchase a new home before selling their current one. This type of loan can offer flexibility and convenience, allowing buyers to avoid the stress of timing their home sales perfectly. Demographics: Pescadero, California, is a small coastal town located in San Mateo County. With a population of around 650 residents, Pescadero offers a close-knit community feel with picturesque views of the Pacific Ocean and the Santa Cruz Mountains. Housing Market: The housing market in Pescadero is characterized by a mix of historic cottages, seaside estates, and modern developments. The median home price in Pescadero is approximately $1.3 million, making it an attractive yet competitive real estate market. Main Attractions: Pescadero is known for its scenic beauty, outdoor recreational activities, and charming downtown area. Visitors and residents alike can enjoy exploring Pescadero State Beach, Butano State Park, and the iconic Pigeon Point Lighthouse.
The Benefits of Bridge Loans in Pescadero, California