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Navigating the process of buying a new home in Big Bar, 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 Big Bar, CA or getting it ready for the market.
Identify the new home you want to buy in Big Bar, 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 Big Bar, 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 Big Bar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Bar, 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 Big Bar, 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 Big Bar, 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 Big Bar, 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 Big Bar, 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 crucial financial flexibility for residents in Big Bar, California. These short-term loans bridge the gap between buying a new home and selling the current one, providing a quick infusion of cash to facilitate a smooth transition without the stress of timing constraints or contingency clauses. The demography of Big Bar is diverse, with a small population that values close-knit community living. The town boasts a rich history and a strong sense of community pride, making it an ideal place for families and retirees seeking a peaceful environment amidst the picturesque natural surroundings of northern California. The housing market in Big Bar is dynamic, with a mix of traditional single-family homes and newer developments catering to modern preferences. The availability of bridge loans has further stimulated the real estate market, offering more options for buyers and sellers to capitalize on opportunities without being bound by rigid financing constraints. Big Bar, California, is known for its stunning natural beauty, including proximity to the Trinity River and the Trinity Alps Wilderness. Residents and visitors can enjoy outdoor activities like fishing, hiking, and camping, as well as explore local wineries and artisanal shops that showcase the unique charm of this hidden gem in northern California.
Benefits of Bridge Loans in Big Bar, California
