Get Approved at The Lowest Rate
Navigating the process of buying a new home in Biola, 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 Biola, CA or getting it ready for the market.
Identify the new home you want to buy in Biola, 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 Biola, 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 Biola, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Biola, 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 Biola, 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 Biola, 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 Biola, 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 Biola, 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 Biola, California offer a flexible financing option for homebuyers looking to transition smoothly from their existing home to a new one. These short-term loans can help cover the down payment or the purchase price of the new home before the sale of the old one. Demographically, Biola is a small, close-knit community located in Fresno County. With a population of around 1,700, it offers a peaceful and tight community feel. The area is predominantly rural, perfect for those seeking a quieter pace of life. The housing market in Biola is relatively stable with a diverse mix of property types available. The median home value is around $200,000, making it an affordable option for families and individuals. Bridge loans can provide the necessary financial boost to facilitate a smooth transition into the Biola real estate market. Main attractions in Biola include its proximity to various outdoor recreational areas such as Millerton Lake State Recreation Area and Sierra National Forest. These natural wonders provide residents with ample opportunities for hiking, fishing, and camping, making Biola an ideal location for nature enthusiasts.
Benefits of Bridge Loans in Biola, California
