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Navigating the process of buying a new home in San Rafael, 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 Rafael, CA or getting it ready for the market.
Identify the new home you want to buy in San Rafael, 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 Rafael, 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 Rafael, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Rafael, 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 Rafael, 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 Rafael, 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 Rafael, 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 Rafael, 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 provide individuals in San Rafael, California, with a valuable financial tool to bridge the gap between the purchase of a new home and the sale of their current property. This type of loan allows for flexibility and convenience in real estate transactions. Demographics San Rafael, located in Marin County, has a population of approximately 60,000 residents. The city boasts a diverse community with a median household income above the national average. It is known for its vibrant arts scene and a strong sense of community. Housing Market The housing market in San Rafael offers a diverse range of properties, from historic homes to modern condominiums. Property values in the area have been steadily increasing, making it an attractive investment opportunity. The market is competitive, with homes often selling above asking price. Main Attractions San Rafael is home to various attractions, including the Marin History Museum, China Camp State Park, and the vibrant downtown area filled with shops and restaurants. With easy access to outdoor activities such as hiking and biking, San Rafael offers a high quality of life for its residents.
Benefits of Bridge Loans in San Rafael, California
