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Navigating the process of buying a new home in Sunnyvale, 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 Sunnyvale, CA or getting it ready for the market.
Identify the new home you want to buy in Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, 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 Sunnyvale, 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!
Benefits Bridge loans offer a quick financing solution for homeowners who need to purchase a new property before selling their existing one. In Sunnyvale, where the real estate market is competitive, bridge loans provide the flexibility and speed required to secure a new home without the stress of waiting for the previous one to sell. Demographics Sunnyvale, California, boasts a diverse population with a mix of cultures and backgrounds. The city is known for its strong tech industry presence, attracting professionals from around the world. The median household income is above the national average, making it an attractive location for high-income earners seeking a vibrant community. Housing Market The housing market in Sunnyvale is robust, with competitive prices fueled by high demand and limited inventory. Bridge loans help buyers act quickly in this fast-paced market, giving them a competitive edge when making offers on desirable properties. Additionally, bridge loans can help homeowners fund renovations to increase the value of their homes in a market where property values are appreciating steadily. Main Attractions Sunnyvale offers a range of attractions, including beautiful parks, top-rated restaurants, and proximity to Silicon Valley tech hubs. Residents enjoy easy access to outdoor activities like hiking in the nearby mountains and exploring the stunning California coastline. The city's vibrant cultural scene and diverse dining options make it a desirable place to live and work.
The Benefits of Bridge Loans in Sunnyvale, California
