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Navigating the process of buying a new home in Arroyo Grande, 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 Arroyo Grande, CA or getting it ready for the market.
Identify the new home you want to buy in Arroyo Grande, 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 Arroyo Grande, 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 Arroyo Grande, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arroyo Grande, 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 Arroyo Grande, 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 Arroyo Grande, 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 Arroyo Grande, 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 Arroyo Grande, 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 Arroyo Grande serve as an excellent financial tool for individuals looking to bridge the gap between the purchase of a new property and the sale of their existing one. These loans provide short-term financing that can help homeowners secure their dream home without being contingent on selling their current property first. This flexibility can be a game-changer in competitive real estate markets. Demographics: Arroyo Grande, located in San Luis Obispo County, California, boasts a diverse population mix. With a blend of young professionals, families, and retirees, the community offers a welcoming and inclusive environment for residents of all ages and backgrounds. Housing Market: The housing market in Arroyo Grande is dynamic and offers a range of properties to suit different budgets and preferences. From charming single-family homes to luxurious estates, the real estate market in Arroyo Grande caters to a variety of tastes. Bridge loans can help buyers navigate this market with ease while securing their desired property. Main Attractions: Arroyo Grande is known for its picturesque landscapes, including the historic Heritage House and the vibrant Village of Arroyo Grande with its boutiques, cafes, and art galleries. The area also offers easy access to stunning beaches, wineries, and hiking trails, making it a desirable location for outdoor enthusiasts and culture seekers alike.
Benefits of Bridge Loans in Arroyo Grande, California
