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Navigating the process of buying a new home in Soquel, 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 Soquel, CA or getting it ready for the market.
Identify the new home you want to buy in Soquel, 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 Soquel, 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 Soquel, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Soquel, 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 Soquel, 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 Soquel, 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 Soquel, 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 Soquel, 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 Soquel, California offer numerous benefits to homeowners and buyers. These short-term loans provide immediate funds to facilitate the purchase of a new home before the sale of an existing one, preventing delays and ensuring a smooth transition. Demographically, Soquel, California, is a diverse community with a population that enjoys a high quality of life. The town boasts a mix of residents from different age groups and backgrounds, creating a vibrant and welcoming atmosphere for all. In terms of the housing market, Soquel offers a range of properties from cozy family homes to luxurious estates, catering to various preferences and budgets. The market is competitive yet stable, making it an attractive location for both buyers and sellers. Some of the main attractions in Soquel include its beautiful beaches, scenic parks, and charming downtown area. Residents and visitors can enjoy outdoor activities, local shops, and delicious dining options, making Soquel a desirable place to live and visit.
Benefits of Bridge Loans in Soquel, California
