Get Approved at The Lowest Rate
Navigating the process of buying a new home in Riverdale, 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 Riverdale, CA or getting it ready for the market.
Identify the new home you want to buy in Riverdale, 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 Riverdale, 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 Riverdale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Riverdale, 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 Riverdale, 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 Riverdale, 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 Riverdale, 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 Riverdale, 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 Riverdale, California offer a variety of benefits for homebuyers. One key advantage is the ability to secure financing quickly, allowing individuals to make competitive offers on properties without the delay of traditional mortgage processes. These loans also provide flexibility by allowing homeowners to buy a new property before selling their current home, preventing the need for temporary housing or rushed sales. Riverdale, California has a diverse demographic, with a mix of young professionals, families, and retirees. The town is known for its strong sense of community and family-friendly atmosphere. The median household income is above the national average, reflecting the area's economic stability and growth opportunities. The housing market in Riverdale, California is stable with a steady appreciation in property values. The real estate market offers a range of housing options from single-family homes to luxury estates, catering to various preferences and budgets. With low inventory levels and high demand, properties in Riverdale are known to sell quickly, making bridge loans a valuable tool for securing desired homes. Some main attractions in Riverdale, California include its picturesque landscapes, outdoor recreation options, and proximity to urban centers like Los Angeles and San Francisco. Residents can enjoy hiking trails, parks, and scenic views of the nearby mountains. The town also hosts cultural events, farmer's markets, and local shops that showcase the community's vibrancy and charm.
Benefits of Bridge Loans in Riverdale, California
