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Navigating the process of buying a new home in Ben Lomond, 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 Ben Lomond, CA or getting it ready for the market.
Identify the new home you want to buy in Ben Lomond, 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 Ben Lomond, 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 Ben Lomond, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ben Lomond, 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 Ben Lomond, 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 Ben Lomond, 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 Ben Lomond, 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 Ben Lomond, 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!
A bridge loan in Ben Lomond, California, offers the benefit of providing temporary financing for homeowners to bridge the gap between the sale of their current home and the purchase of a new one. This type of loan is advantageous as it allows individuals to buy a new property without having to wait for their old home to sell. Demographically, Ben Lomond is a charming town located in Santa Cruz County, known for its lush redwood forests and scenic beauty. The town has a mix of young professionals, families, and retirees, creating a diverse and vibrant community. The housing market in Ben Lomond is competitive yet offers a range of options from cozy cabins to spacious family homes. With the help of bridge loans, buyers can act quickly in this market, giving them an edge in securing their dream home amidst the demand. Some main attractions in Ben Lomond include the stunning Henry Cowell Redwoods State Park, where visitors can enjoy hiking and camping amidst ancient trees. The nearby Santa Cruz Beach Boardwalk and local wineries also provide entertainment options for residents and tourists alike.
Benefits of Bridge Loans in Ben Lomond, California
