Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bakersfield, 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 Bakersfield, CA or getting it ready for the market.
Identify the new home you want to buy in Bakersfield, 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 Bakersfield, 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 Bakersfield, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield offer some key advantages for homeowners. These loans provide quick access to funds, enabling individuals to bridge financial gaps when buying a new home before selling their existing property. They are particularly beneficial in competitive real estate markets like Bakersfield, ensuring buyers can secure their dream home without delays. Bakersfield, California, is a vibrant city with a diverse population. The demographics reflect a mix of cultures, age groups, and economic backgrounds. With a growing job market and affordable living costs, Bakersfield appeals to young professionals, families, and retirees alike, creating a dynamic and inclusive community. The housing market in Bakersfield is robust, offering a range of options from single-family homes to luxury estates. Property values have been steadily increasing, making it a lucrative market for investors and homeowners alike. Bridge loans play a crucial role in facilitating transactions in this competitive market, providing flexibility and financial support to buyers. While in Bakersfield, visitors can explore a variety of attractions. From the renowned Bakersfield Museum of Art and California Living Museum to the scenic Kern River Parkway Trail, there is something for everyone. The city's rich cultural heritage, thriving arts scene, and proximity to outdoor adventures make it a desirable destination for residents and tourists.
Benefits of Bridge Loans in Bakersfield, California
