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Navigating the process of buying a new home in Portola, 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 Portola, CA or getting it ready for the market.
Identify the new home you want to buy in Portola, 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 Portola, 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 Portola, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Portola, 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 Portola, 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 Portola, 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 Portola, 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 Portola, 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 Portola, California offer a valuable temporary financing solution for homebuyers. They provide quick access to funds for purchasing a new home before selling an existing one, enabling seamless transitions without missing out on ideal opportunities. Demographics Portola, California, is a charming city with a diverse population. The residents enjoy a mix of suburban and rural living, with a strong sense of community. The city attracts young families, professionals, and retirees seeking a peaceful yet vibrant lifestyle. Housing Market The housing market in Portola is dynamic, offering a range of options from cozy single-family homes to spacious estates. Bridge loans can help buyers secure properties in competitive markets, giving them an edge in negotiations and the flexibility to make strong offers. Main Attractions Portola boasts stunning natural beauty, with proximity to the stunning Sierra Nevada mountains and stunning lakes. Outdoor enthusiasts can enjoy activities like hiking, fishing, and camping. The city also hosts cultural events, local shops, and dining establishments that cater to diverse tastes.
Benefits of Bridge Loans in Portola, California
