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Navigating the process of buying a new home in Annapolis, 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 Annapolis, CA or getting it ready for the market.
Identify the new home you want to buy in Annapolis, 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 Annapolis, 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 Annapolis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Annapolis, 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 Annapolis, 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 Annapolis, 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 Annapolis, 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 Annapolis, 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 Annapolis offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. They provide the flexibility of securing funds quickly to bridge the gap between selling and buying, avoiding missed opportunities. Demographics: Annapolis, California, is a picturesque coastal community with a population of around 300 residents. Known for its serene environment and close-knit community, it attracts nature lovers, retirees, and those seeking a tranquil lifestyle by the sea. Housing Market: Annapolis's housing market is characterized by a mix of traditional single-family homes and charming seaside cottages. With a median home price of $700,000, the market is competitive yet offers opportunities for investment and growth, making it an attractive option for those seeking a coastal retreat. Main Attractions: The allure of Annapolis lies in its natural beauty, including stunning coastal views, hiking trails, and access to nearby wineries. The community values outdoor activities, local art galleries, and farmer's markets, providing residents with a vibrant and enriching coastal lifestyle.
Benefits of Bridge Loans in Annapolis, California
