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Navigating the process of buying a new home in Angels Camp, 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 Angels Camp, CA or getting it ready for the market.
Identify the new home you want to buy in Angels Camp, 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 Angels Camp, 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 Angels Camp, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Angels Camp, 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 Angels Camp, 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 Angels Camp, 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 Angels Camp, 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 Angels Camp, 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 Angels Camp, California offer various benefits to individuals and businesses. These short-term loans provide immediate financing to bridge the gap between the purchase of a new property and the sale of an existing one. They can be a perfect solution for those looking to seize new opportunities without liquidating their current assets. Angels Camp, located in Calaveras County, has a population of approximately 3,836 residents. The demographics skew slightly towards an older population, with a median age of 44.9 years. The town boasts a strong sense of community and a diverse mix of residents from various backgrounds and professions. The housing market in Angels Camp exhibits stability with a moderate increase in home prices over the past few years. The median home value stands at around $326,500, making it an attractive location for both homeowners and investors. The market offers a mix of housing options, from charming historic homes to modern developments. Angels Camp is known for its rich history, outdoor recreational activities, and proximity to stunning natural attractions like New Melones Lake and Calaveras Big Trees State Park. The town also hosts the famous Calaveras County Fair and Jumping Frog Jubilee, a popular event that attracts visitors from far and wide.
Benefits of Bridge Loans in Angels Camp, California
