Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Mateo, 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 Mateo, CA or getting it ready for the market.
Identify the new home you want to buy in San Mateo, 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 Mateo, 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 Mateo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Mateo, 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 Mateo, 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 Mateo, 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 Mateo, 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 Mateo, 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 Mateo offer a flexible financing option that allows homeowners to purchase a new property before selling their current one. This can be particularly beneficial in a competitive real estate market by providing the necessary funds to make a quick purchase. San Mateo, California, is a diverse city with a vibrant community. The population is a mix of young professionals, families, and retirees, creating a dynamic and inclusive atmosphere. The city's central location in the Bay Area provides easy access to Silicon Valley and San Francisco. The housing market in San Mateo is competitive, with a high demand for properties due to its desirable location and excellent schools. Bridge loans can give buyers a competitive edge by allowing them to secure a new home quickly. Home values have been steadily rising, making it an attractive investment opportunity. Main attractions in San Mateo include the beautiful Central Park, known for its Japanese Tea Garden, and the CuriOdyssey science museum, perfect for families. The city also offers a variety of dining options, shopping centers, and outdoor activities, making it a lively and engaging place to live.
Benefits of Bridge Loans in San Mateo, California
