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Navigating the process of buying a new home in Big Oak Flat, 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 Oak Flat, CA or getting it ready for the market.
Identify the new home you want to buy in Big Oak Flat, 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 Oak Flat, 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 Oak Flat, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Oak Flat, 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 Oak Flat, 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 Oak Flat, 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 Oak Flat, 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 Oak Flat, 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 Oak Flat, California offer a convenient financing solution for homeowners looking to bridge the gap between the purchase of a new home and the sale of their current one. These short-term loans can provide the needed funds to secure a new property without having to wait for the sale of the existing home. Demographically, Big Oak Flat is a charming small town located in Tuolumne County, California. With a population of around 200 residents, it offers a tight-knit community feel. The town is known for its historic buildings and scenic views, attracting both tourists and potential homeowners. The housing market in Big Oak Flat is diverse, with a mix of historic homes and modern properties. The median home price is affordable compared to neighboring areas, making it an attractive location for first-time buyers and those looking for a peaceful retreat. Main attractions in Big Oak Flat include Yosemite National Park, which is a short drive away, offering stunning natural beauty and outdoor recreational activities. Additionally, visitors can explore historical sites like the Big Oak Flat Road and Tuolumne County Museum, providing a glimpse into the town's rich past.
Benefits of Bridge Loans in Big Oak Flat, California
