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Navigating the process of buying a new home in Big Bear City, 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 Bear City, CA or getting it ready for the market.
Identify the new home you want to buy in Big Bear City, 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 Bear City, 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 Bear City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Bear City, 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 Bear City, 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 Bear City, 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 Bear City, 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 Bear City, 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 Big Bear City, California offer a valuable solution for individuals looking to buy a new property before selling their current one. With a bridge loan, you can access the funds needed to make a down payment on your new home while waiting for your existing property to sell. This financial flexibility allows for a smoother transition between homes without the stress of timing constraints. Demographics: Big Bear City, located in Southern California, has a population of around 13,350 residents. The area is known for its picturesque landscapes, outdoor recreational opportunities, and close-knit community. The demographic makeup includes a mix of families, retirees, and vacation homeowners who are drawn to the area's natural beauty and diverse amenities. Housing Market: The housing market in Big Bear City offers a range of options, from cozy cabins to spacious mountain retreats. The market is characterized by a mix of primary residences and vacation homes, with prices varying based on location and property size. Bridge loans can be a useful tool in this market, especially for buyers looking to seize opportunities quickly in a competitive environment. Main Attractions: Big Bear City boasts a variety of attractions, including Big Bear Lake for water sports and fishing, Bear Mountain for skiing and snowboarding in the winter, and the quaint Big Bear Village with its shops and restaurants. The area's natural beauty, outdoor activities, and community events make it a desirable destination for residents and visitors alike.
Benefits of Bridge Loans in Big Bear City, California
