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Navigating the process of buying a new home in Ballico, 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 Ballico, CA or getting it ready for the market.
Identify the new home you want to buy in Ballico, 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 Ballico, 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 Ballico, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ballico, 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 Ballico, 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 Ballico, 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 Ballico, 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 Ballico, 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 Ballico, California offer homebuyers the advantage of being able to purchase a new property before selling their existing one. This can be a huge benefit as it allows for a smoother transition between homes without the stress of timing constraints. Demographics in Ballico show a diverse community with a population that values small-town charm and close-knit relationships. The area boasts a mix of age groups, from young families to retirees, creating a dynamic and welcoming environment. The housing market in Ballico is stable yet competitive, with a mix of traditional single-family homes and modern developments. Bridge loans can provide buyers with the financial flexibility needed to secure a property in this sought-after market quickly. Main attractions in Ballico include the beautiful Ballico Reservoir, ideal for fishing and boating enthusiasts. The charming downtown area offers boutique shopping and diverse dining options, making it a great place to relax and unwind.
Benefits of Bridge Loans in Ballico, California
