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Navigating the process of buying a new home in San Leandro, 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 Leandro, CA or getting it ready for the market.
Identify the new home you want to buy in San Leandro, 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 Leandro, 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 Leandro, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Leandro, 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 Leandro, 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 Leandro, 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 Leandro, 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 Leandro, 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 Leandro, California offer numerous benefits for both homebuyers and sellers. These short-term loans provide quick access to funds, allowing buyers to secure a new home before selling their existing one. This can help avoid the stress of timing issues and potential homelessness during the transition period. San Leandro, California, is a diverse community with a population that represents various ethnicities and cultures. The city has a strong sense of community with numerous local events and festivals that celebrate its rich diversity. Additionally, the city offers excellent educational opportunities with top-rated schools and access to higher education institutions. In terms of the housing market, San Leandro provides a mix of housing options, including single-family homes, townhouses, and apartments. The market has seen steady growth in property values over the years, making it an attractive location for real estate investment. With the help of bridge loans, buyers can take advantage of the competitive market and secure their dream home. San Leandro boasts several main attractions, including the San Leandro Marina with its beautiful waterfront views and recreational activities. The city also offers a vibrant downtown area with shopping, dining, and entertainment options for residents and visitors alike. Nature enthusiasts can explore the nearby parks and trails, providing ample opportunities for outdoor enjoyment.
Benefits of Bridge Loans in San Leandro, California
