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Navigating the process of buying a new home in San Lorenzo, 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 Lorenzo, CA or getting it ready for the market.
Identify the new home you want to buy in San Lorenzo, 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 Lorenzo, 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 Lorenzo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo, 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 Lorenzo offer a valuable financial tool for homeowners looking to purchase a new property before selling their current one. These short-term loans provide the flexibility to make a smooth transition without the stress of timing constraints. San Lorenzo, located in Alameda County, has a diverse population with a mix of cultures, making it a vibrant community. The median age of residents is around 36 years old, and the town is known for its excellent schools and family-friendly atmosphere. The housing market in San Lorenzo is competitive, with a median home value of $700,000. Bridge loans can help buyers secure their dream home quickly in a fast-paced market. With low inventory and high demand, having the financial support of a bridge loan can give buyers the edge they need. Some of the main attractions in San Lorenzo include the San Lorenzo Community Center, where residents can enjoy recreational activities and events. The Bayfair Center offers shopping and dining options, and nearby hiking trails provide outdoor adventures for nature enthusiasts.
Benefits of Bridge Loans in San Lorenzo, California
