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Navigating the process of buying a new home in Port Costa, 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 Port Costa, CA or getting it ready for the market.
Identify the new home you want to buy in Port Costa, 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 Port Costa, 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 Port Costa, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Port Costa, 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 Port Costa, 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 Port Costa, 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 Port Costa, 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 Port Costa, 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 Port Costa offer homeowners the flexibility to purchase a new home before selling their existing one, providing a bridge between the two transactions. This can be particularly beneficial in a competitive market where securing a new property quickly is essential. Demographics in Port Costa show a small yet diverse community with a rich history. The town is known for its artistic community, with residents passionately fostering a thriving cultural scene. The population is a mix of families, retirees, and young professionals attracted to the area's unique charm. The housing market in Port Costa is dynamic, with a mix of historic homes and modern developments. Bridge loans can help buyers navigate this market by offering short-term financing solutions to secure properties quickly. This can be advantageous in a competitive market where time is of the essence. Main attractions in Port Costa include the historic Burlington Hotel, a popular destination for tourists and locals alike. The town also boasts scenic waterfront views, charming cafes, and boutique shops, creating a vibrant and inviting atmosphere for residents and visitors.
Benefits of Bridge Loans in Port Costa, California
