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Navigating the process of buying a new home in Bodfish, 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 Bodfish, CA or getting it ready for the market.
Identify the new home you want to buy in Bodfish, 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 Bodfish, 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 Bodfish, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bodfish, 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 Bodfish, 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 Bodfish, 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 Bodfish, 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 Bodfish, 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 Bodfish, California offer immediate financial assistance to individuals in the process of buying a new home while waiting for the sale of their current property. This type of loan helps bridge the gap between the purchase of a new home and the sale of the existing one, providing flexibility and convenience to homeowners. Demographically, Bodfish, California is a small town located in Kern County with a population of around 1,500 residents. The town boasts a tight-knit community feel, making it an ideal place for those looking for a close community bond. With a mix of families and retirees, Bodfish offers a peaceful and welcoming environment. In terms of the housing market, Bodfish, California offers a diverse range of properties, from cozy cabins to spacious single-family homes. The market is characterized by its affordability compared to neighboring areas, making it an attractive option for first-time buyers or those looking to downsize. Bridge loans can help buyers navigate this market more effectively. Main attractions in Bodfish include the Bodfish Preserve, a beautiful nature reserve perfect for hiking and birdwatching. Additionally, the nearby Lake Isabella offers a variety of outdoor activities such as fishing, boating, and camping, making it a popular destination for residents and tourists alike.
Benefits of Bridge Loans in Bodfish, California
