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Navigating the process of buying a new home in Saratoga, 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 Saratoga, CA or getting it ready for the market.
Identify the new home you want to buy in Saratoga, 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 Saratoga, 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 Saratoga, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, 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 Saratoga, California offer a valuable solution for homeowners who are looking to purchase a new property before selling their existing one. These short-term loans can provide the necessary funds to make a down payment on a new home, giving borrowers the flexibility and financial leverage to secure their dream home without the stress of timing the sale of their current property. Located in the heart of Silicon Valley, Saratoga, California boasts a population of approximately 30,000 residents. The town is known for its high standard of living, excellent schools, and a strong sense of community. With a median household income well above the national average, Saratoga is an affluent community with diverse residents from various cultural backgrounds. The housing market in Saratoga, California is competitive, with a median home value significantly higher than the national average. The market has seen steady appreciation over the years, making it a lucrative investment for homeowners. Bridge loans can help buyers navigate the competitive market by providing fast access to funds, allowing them to make strong offers and close deals quickly. Aside from its attractive housing market, Saratoga offers a range of main attractions, including the Montalvo Arts Center, Hakone Estate and Gardens, and the award-winning Mountain Winery. The town also boasts stunning natural beauty, with numerous parks, hiking trails, and proximity to the Santa Cruz Mountains, making it an ideal location for outdoor enthusiasts.
Bridge Loans in Saratoga, California
