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Navigating the process of buying a new home in Tracy, 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 Tracy, CA or getting it ready for the market.
Identify the new home you want to buy in Tracy, 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 Tracy, 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 Tracy, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tracy, 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 Tracy, 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 Tracy, 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 Tracy, 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 Tracy, 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 Tracy, California offer a convenient financing option to bridge the gap between the purchase of a new home and the sale of an existing one. These loans provide quick access to funds, allowing individuals to secure their new property without being contingent on selling their current home first. Demographically, Tracy, California, is a diverse city with a population that has been steadily growing over the past few years. The city is known for its affordable housing options compared to neighboring areas, making it an attractive location for homebuyers looking for value and quality of life. The housing market in Tracy, California, is dynamic and competitive. With a mix of new developments and established neighborhoods, there are options for every preference and budget. Bridge loans can help buyers take advantage of opportunities in this market by providing flexibility and agility in financing. Some of the main attractions in Tracy include the picturesque parks and outdoor recreational areas, such as the Tracy Hills and Eagal Lakes Resort. Additionally, the city offers a vibrant downtown area with shopping, dining, and community events, making it a desirable place to live and invest.
Benefits of Bridge Loans in Tracy, California
