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Navigating the process of buying a new home in Arnold, 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 Arnold, CA or getting it ready for the market.
Identify the new home you want to buy in Arnold, 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 Arnold, 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 Arnold, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arnold, 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 Arnold, 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 Arnold, 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 Arnold, 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 Arnold, 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!
A bridge loan in Arnold, California offers numerous benefits for homebuyers. Firstly, it provides the financial flexibility to make a down payment on a new home before selling the existing one, preventing the need to rush the selling process. This can reduce stress and allow for a smoother transition between homes. Demographically, Arnold is a charming town located in Calaveras County, California, known for its picturesque landscapes and tranquil atmosphere. The population is around 3,800 residents, with a mix of families, retirees, and young professionals. The town has a strong sense of community and a welcoming vibe. The housing market in Arnold is diverse, offering a range of properties from cozy cabins to spacious estates. The market is currently stable, with moderate appreciation rates. The average home price is around $350,000, making it an attractive option for both primary residences and vacation homes. Main attractions in Arnold include the stunning Calaveras Big Trees State Park, where visitors can marvel at giant sequoias, hike scenic trails, and enjoy picnics. Additionally, outdoor enthusiasts can explore the nearby Stanislaus National Forest for camping, fishing, and skiing in the winter months.
Benefits of Bridge Loans in Arnold, California
