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Navigating the process of buying a new home in Atwater, 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 Atwater, CA or getting it ready for the market.
Identify the new home you want to buy in Atwater, 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 Atwater, 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 Atwater, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Atwater, 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 Atwater, 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 Atwater, 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 Atwater, 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 Atwater, 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 Atwater, California offer numerous advantages for homeowners. They provide short-term financing to bridge the gap between buying a new home and selling the current one, allowing for a smoother transition without the need for a contingency offer. Demographically, Atwater is a diverse city with a population that includes young professionals, families, and retirees. The cost of living is relatively affordable compared to other California cities, making it an attractive option for those looking for a balance between urban amenities and a more relaxed lifestyle. In the housing market, Atwater has seen steady appreciation in property values over the years. The availability of bridge loans can help homeowners take advantage of this growth by securing funds for a down payment on a new property while waiting for the sale of their current home. Some of the main attractions in Atwater include the Castle Air Museum, offering a glimpse into the area's military history, and the Applegate Park and Zoo, providing a fun recreational space for families to enjoy. These attractions contribute to the city's charm and appeal to residents and visitors alike.
Benefits of Bridge Loans in Atwater, California
