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Navigating the process of buying a new home in San Gregorio, 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 Gregorio, CA or getting it ready for the market.
Identify the new home you want to buy in San Gregorio, 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 Gregorio, 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 Gregorio, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Gregorio, 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 Gregorio, 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 Gregorio, 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 Gregorio, 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 Gregorio, 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 offer a vital financial lifeline for individuals who are looking to purchase a new home before selling their current property. In San Gregorio, California, these loans can provide the means to secure the dream home without the stress of timing the sale perfectly. Demographics: San Gregorio is a charming small town in California with a population that values community and nature. The town is home to a mix of families, young professionals, and retirees, creating a diverse and welcoming atmosphere. Housing Market: The housing market in San Gregorio is dynamic, offering a range of options from historic homes to modern developments. Bridge loans can be particularly beneficial in this market to help buyers seize opportunities and navigate the competitive landscape. Main Attractions: San Gregorio is known for its beautiful beaches, scenic parks, and cultural events. Residents and visitors alike enjoy outdoor activities like hiking and surfing, as well as exploring local art galleries and farmers' markets.
The Benefits of Bridge Loans in San Gregorio, California