Get Approved at The Lowest Rate
Navigating the process of buying a new home in Sonoma, 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 Sonoma, CA or getting it ready for the market.
Identify the new home you want to buy in Sonoma, 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 Sonoma, 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 Sonoma, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sonoma, 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 Sonoma, 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 Sonoma, 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 Sonoma, 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 Sonoma, 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 Sonoma, California offer homeowners a short-term financing solution that can help bridge the gap between the purchase of a new home and the sale of their current one. This flexibility allows individuals to secure a new property quickly without waiting for their existing home to sell, avoiding the stress of temporary housing arrangements or missing out on a dream home. Sonoma, California, known for its picturesque vineyards and wineries, attracts a diverse population. The demographics of Sonoma showcase a mix of young professionals, families, and retirees drawn to the region's culinary delights, cultural events, and outdoor recreational opportunities. The housing market in Sonoma, California, is competitive yet dynamic. The area offers a range of housing options from charming historic homes to modern estates, catering to various preferences and budgets. Bridge loans can provide buyers with the financial leverage needed to make competitive offers and secure desirable properties in a timely manner.
The Benefits of Bridge Loans in Sonoma, California
