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Navigating the process of buying a new home in Stanford, 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 Stanford, CA or getting it ready for the market.
Identify the new home you want to buy in Stanford, 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 Stanford, 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 Stanford, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stanford, 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 Stanford, 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 Stanford, 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 Stanford, 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 Stanford, 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 Stanford offer immediate financial relief to individuals or families who are looking to purchase a new home before selling their current one. This type of loan provides temporary financing to cover the gap between buying a new property and selling the existing one, reducing the stress of carrying two mortgages simultaneously. Stanford, California, a vibrant community located in the heart of Silicon Valley, boasts a diverse population with a strong academic presence due to the prestigious Stanford University. The area is known for its high-income demographics, excellent educational opportunities, and a thriving tech industry, attracting professionals and students alike. The housing market in Stanford is competitive with high demand and limited inventory, making bridge loans a valuable tool for buyers looking to secure their dream home quickly. Property values in the area have shown consistent appreciation, making investments in real estate lucrative for both homeowners and investors. Some of the main attractions in Stanford include the iconic Hoover Tower, Stanford Shopping Center, and the beautiful Stanford University campus with its stunning architecture and lush green spaces. The area also offers a variety of dining options, outdoor activities, and cultural events, providing residents with a high quality of life.
Benefits of Bridge Loans in Stanford, California
