Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bodega Bay, 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 Bodega Bay, CA or getting it ready for the market.
Identify the new home you want to buy in Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, 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 Bodega Bay, 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 a convenient financing option for individuals seeking to purchase a new home in Bodega Bay before selling their existing property. This can help avoid the stress of timing the sale and purchase perfectly, providing the flexibility needed in real estate transactions. Bodega Bay, located in Sonoma County, is a charming coastal town known for its stunning natural beauty and outdoor recreational activities. The town has a population of around 1,000 residents and attracts tourists with its picturesque beaches, hiking trails, and delicious seafood restaurants. The housing market in Bodega Bay is a mix of permanent and vacation homes, with a median home price of around $800,000. Bridge loans can be particularly beneficial in this competitive market, allowing buyers to act quickly and secure their dream home without the constraints of a traditional sale contingency. Main attractions in Bodega Bay include the iconic Bodega Head, a promontory offering breathtaking views of the Pacific Ocean, and the lively Spud Point Marina, where visitors can enjoy boating, fishing, and crabbing activities.
Bridge Loans in Bodega Bay, California
