Get Approved at The Lowest Rate
Navigating the process of buying a new home in Richmond, 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 Richmond, CA or getting it ready for the market.
Identify the new home you want to buy in Richmond, 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 Richmond, 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 Richmond, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Richmond, 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 Richmond, 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 Richmond, 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 Richmond, 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 Richmond, 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 Richmond, California offer a vital financial bridge, allowing homeowners to purchase a new home before selling their current one. This seamless transition helps avoid the stress of temporary housing and potential bidding wars, providing the freedom to find the perfect home. The city of Richmond, California, boasts a diverse population, with a mix of cultures and backgrounds. The demographics include a growing number of young professionals seeking a balanced lifestyle, as well as families attracted to the area's excellent schools and community-oriented neighborhoods. Richmond's housing market is showing steady growth, with a range of affordable options for first-time buyers and luxury properties for those seeking upscale living. The city has witnessed a rise in property values, making it a lucrative investment opportunity for potential buyers and sellers alike. Richmond offers a variety of attractions, from its beautiful waterfront parks to its vibrant arts and cultural scene. Residents and visitors can enjoy outdoor activities like hiking in the nearby parks or exploring the historic sites that showcase the city's rich history.
Benefits of Bridge Loans in Richmond, California
