Get Approved at The Lowest Rate
Navigating the process of buying a new home in Portola Valley, 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 Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Portola Valley, 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 Valley, 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 Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Portola Valley, 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 Valley, 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 Valley, 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 Valley, 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 Valley, 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 Valley offer numerous benefits to homeowners and buyers. These short-term loans can help individuals secure funds quickly for down payments on new properties while waiting for their current home to sell. This can be especially advantageous in a competitive real estate market, allowing buyers to act fast and secure their dream homes without having to wait for an offer on their existing property. Demographically, Portola Valley is known for its affluent community with a median household income well above the national average. The town is characterized by its picturesque landscapes, luxury homes, and a strong focus on education, making it an attractive location for families and professionals seeking a high quality of life. The housing market in Portola Valley is competitive yet diverse, offering a range of properties from expansive estates to charming cottages. With a limited inventory and high demand, prices can be steep, making bridge loans a valuable tool for buyers looking to bridge the gap between purchasing a new home and selling their current one. Main attractions in Portola Valley include the scenic hiking trails at Windy Hill Open Space Preserve, the lush gardens of Filoli Historic House and Garden, and the educational Stanford University campus nearby. Residents also enjoy the peaceful ambiance of the town, its proximity to Silicon Valley, and easy access to outdoor recreational activities.
Benefits of Bridge Loans in Portola Valley, California
