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Navigating the process of buying a new home in Bangor, 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 Bangor, CA or getting it ready for the market.
Identify the new home you want to buy in Bangor, 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 Bangor, 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 Bangor, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bangor, 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 Bangor, 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 Bangor, 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 Bangor, 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 Bangor, 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 offer a valuable solution for homeowners in Bangor, California, allowing them to purchase a new home before selling their existing one. This can prevent the need for a contingency clause, enabling a smoother transition between properties. Demographics in Bangor consist of a small, close-knit community with a population of around 800 residents. The town boasts a mix of ages, including families, retirees, and individuals attracted to the serene country lifestyle. The housing market in Bangor, California, is characterized by a blend of traditional single-family homes and expansive rural properties. Bridge loans can provide flexibility in this market, giving buyers the ability to secure new properties while awaiting the sale of their current homes. Among the main attractions in Bangor is the nearby Bangor Park, offering recreational activities such as hiking, picnicking, and nature appreciation. Residents also enjoy the scenic beauty of the area, with its rolling hills and tranquil surroundings.
Benefits of Bridge Loans in Bangor, California
