Get Approved at The Lowest Rate
Navigating the process of buying a new home in Santa Cruz, 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 Cruz, CA or getting it ready for the market.
Identify the new home you want to buy in Santa Cruz, 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 Cruz, 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 Cruz, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Cruz, 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 Cruz, 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 Cruz, 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 Cruz, 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 Cruz, 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 Cruz, California offer numerous benefits to homebuyers. One of the primary advantages is the ability to secure financing quickly, allowing individuals to bridge the gap between the purchase of a new home and the sale of their current property. This can be particularly beneficial in competitive real estate markets where fast transactions are essential. Demographically, Santa Cruz is a diverse and vibrant city located on the central coast of California. With a population of around 65,000 residents, the city is known for its mix of cultures, strong sense of community, and beautiful natural surroundings. The median age in Santa Cruz is around 30 years old, making it an attractive location for young professionals and families. In terms of the housing market, Santa Cruz has seen steady growth in property values over the past few years. The city offers a range of housing options, from cozy beachfront cottages to modern urban condos. The average home price in Santa Cruz is higher than the state average, reflecting the desirability of the area and the demand for housing in this coastal paradise. Some main attractions in Santa Cruz include the iconic Santa Cruz Beach Boardwalk, a historic seaside amusement park, and the picturesque Natural Bridges State Beach. Outdoor enthusiasts will also enjoy exploring the nearby redwood forests, hiking trails, and stunning beaches that characterize this region.
Bridge Loans Benefits in Santa Cruz, California
