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Navigating the process of buying a new home in San Francisco, 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 San Francisco, CA or getting it ready for the market.
Identify the new home you want to buy in San Francisco, 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 San Francisco, 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 San Francisco, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Francisco, 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 San Francisco, 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 San Francisco, 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 San Francisco, 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 San Francisco, 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 San Francisco offer a crucial financial lifeline to individuals or families who have found their dream home but have not yet sold their existing property. These short-term loans provide the flexibility and speed needed to secure the new property without waiting for the sale of the old one. San Francisco, known for its diverse population and rich cultural heritage, offers a vibrant and dynamic environment for residents. With a population of over 884,000 people, the city attracts individuals from all walks of life, contributing to its unique and eclectic community. The housing market in San Francisco is competitive, with a median home value of over $1.3 million. Bridge loans play a crucial role in helping prospective buyers navigate this challenging market by providing the necessary funds to bridge the gap between buying a new home and selling the old one. Aside from its competitive housing market, San Francisco is also renowned for its iconic attractions such as the Golden Gate Bridge, Alcatraz Island, and Fisherman's Wharf. These attractions not only draw tourists from around the world but also contribute to the city's vibrant and bustling atmosphere.
Benefits of Bridge Loans in San Francisco, California
