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Navigating the process of buying a new home in Arcata, 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 Arcata, CA or getting it ready for the market.
Identify the new home you want to buy in Arcata, 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 Arcata, 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 Arcata, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arcata, 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 Arcata, 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 Arcata, 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 Arcata, 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 Arcata, 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 Arcata, California offer a valuable financing solution for individuals seeking to purchase a new home before selling their current one. These loans provide flexibility and allow homeowners to avoid missing out on the perfect property. Demographics: Arcata is a diverse and vibrant city located in Humboldt County, California. It is home to a mix of students, families, and retirees, creating a dynamic community with a strong sense of pride and local spirit. Housing Market: The housing market in Arcata is competitive yet offers a variety of options for potential buyers. With a mix of historic homes, modern developments, and picturesque surroundings, Arcata provides a range of choices for those looking to invest in property. Main Attractions: Arcata boasts a charming downtown area with unique shops, art galleries, and restaurants. The city is also known for its beautiful natural surroundings, including the Arcata Community Forest and nearby beaches, making it a perfect destination for outdoor enthusiasts.
Benefits of Bridge Loans in Arcata, California
