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Navigating the process of buying a new home in Piedmont, 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 Piedmont, CA or getting it ready for the market.
Identify the new home you want to buy in Piedmont, 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 Piedmont, 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 Piedmont, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont provide a convenient financing option for homeowners who are looking to purchase a new property before selling their existing one. Demographics: Piedmont, California, is an affluent city known for its picturesque landscapes, high-end real estate, and excellent public schools. The population consists of primarily upper-middle-class families. Housing Market: The real estate market in Piedmont is competitive, with high median home prices. Bridge loans can help buyers secure properties in this sought-after location quickly. Main Attractions: Piedmont offers a range of attractions, including proximity to Oakland for cultural experiences, access to hiking trails in the hills, and a strong sense of community with local events and activities.
Benefits of Bridge Loans in Piedmont, California
