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Navigating the process of buying a new home in Santa Clara, 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 Santa Clara, CA or getting it ready for the market.
Identify the new home you want to buy in Santa Clara, 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 Santa Clara, 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 Santa Clara, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Clara, 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 Santa Clara, 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 Santa Clara, 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 Santa Clara, 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 Santa Clara, 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 Santa Clara offer quick access to financing for buying a new home before selling an existing one. These loans provide liquidity, allowing homeowners to secure their dream home without being contingent on the sale of their current property. Demographically, Santa Clara is a diverse city in the heart of Silicon Valley, known for its tech industry and high standard of living. The population is a mix of young professionals, families, and students, attracted by the employment opportunities and quality education available in the area. The housing market in Santa Clara is competitive, with a median home value above the national average. Bridge loans play a vital role in helping buyers navigate this market by enabling them to make strong offers and secure properties in a timely manner, giving them an edge over other buyers. Main attractions in Santa Clara include the Intel Museum, Levi's Stadium, and the historic Santa Clara University. With its proximity to San Jose and the Bay Area, residents have easy access to cultural, recreational, and entertainment options, making Santa Clara an attractive place to live.
Benefits of Bridge Loans in Santa Clara, California
