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Navigating the process of buying a new home in Baker, 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 Baker, CA or getting it ready for the market.
Identify the new home you want to buy in Baker, 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 Baker, 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 Baker, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Baker, 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 Baker, 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 Baker, 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 Baker, 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 Baker, 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 Baker, California offer a convenient financing solution for homeowners who are looking to purchase a new property before selling their current one. These loans provide the flexibility of accessing funds quickly without having to wait for the sale of the existing property. Demographically, Baker, California is a small town with a population of approximately 800 residents. The town is known for its close-knit community and friendly atmosphere, making it an ideal place for families and individuals looking for a peaceful environment to live in. In terms of the housing market, Baker, California offers a range of affordable housing options, including single-family homes, condos, and rental properties. The town's real estate market is stable, with moderate housing prices and a steady demand for properties, making it a good investment opportunity for buyers. Main attractions in Baker, California include the iconic World's Tallest Thermometer, which stands at 134 feet tall and commemorates the record high temperature of 134 degrees Fahrenheit in nearby Death Valley. The town is also close to outdoor recreational areas like the Mojave National Preserve, offering hiking, camping, and other outdoor activities.
Benefits of Bridge Loans in Baker, California
