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Navigating the process of buying a new home in Bishop, 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 Bishop, CA or getting it ready for the market.
Identify the new home you want to buy in Bishop, 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 Bishop, 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 Bishop, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bishop, 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 Bishop, 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 Bishop, 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 Bishop, 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 Bishop, 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 Bishop, California offer a flexible financing option for homebuyers who need to purchase a new home before selling their existing one. These short-term loans provide the necessary funds to cover the down payment and closing costs on the new property, preventing buyers from missing out on their dream home. Demographics: Bishop, California, is a small town nestled in the eastern Sierra Nevada mountains. With a population of approximately 3,800 residents, Bishop offers a tight-knit community atmosphere perfect for those seeking a peaceful and scenic place to call home. Housing Market: The housing market in Bishop, California, is characterized by a blend of single-family homes and picturesque properties with stunning mountain views. The median home price in Bishop is around $300,000, making it an affordable option for those looking to invest in real estate in a tranquil setting. Main Attractions: Bishop is a haven for outdoor enthusiasts, with attractions such as the Ancient Bristlecone Pine Forest, the Eastern Sierra Interagency Visitor Center, and the stunning Owens River Gorge. Whether you enjoy hiking, fishing, or simply taking in the breathtaking natural beauty, Bishop has something for everyone.
Benefits of Bridge Loans in Bishop, California
