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Navigating the process of buying a new home in Applegate, 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 Applegate, CA or getting it ready for the market.
Identify the new home you want to buy in Applegate, 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 Applegate, 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 Applegate, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Applegate, 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 Applegate, 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 Applegate, 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 Applegate, 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 Applegate, 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 of Bridge Loans: Bridge loans in Applegate, California provide borrowers with flexibility in transitioning between homes. They offer quick financing to bridge the gap between the purchase of a new property and the sale of an existing one. This can prevent missed opportunities in the competitive real estate market. Demographics: Applegate, located in Placer County, California, has a population of approximately 1,400 residents. The community is known for its rural charm, with a mix of families and retirees. The median household income is above the state average, and the cost of living is moderate. Housing Market: Applegate's housing market offers a mix of single-family homes, ranch properties, and vacant land. The median home value is competitive compared to surrounding areas, making it an attractive location for buyers seeking a peaceful lifestyle close to nature. Main Attractions: Applegate is surrounded by the natural beauty of the Sierra Nevada foothills, offering outdoor activities such as hiking, fishing, and camping. Nearby attractions include the Auburn State Recreation Area, which provides opportunities for water sports along the American River.
Bridge Loans in Applegate, California
