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Navigating the process of buying a new home in Boyes Hot Springs, 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 Boyes Hot Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Boyes Hot Springs, 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 Boyes Hot Springs, 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 Boyes Hot Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Boyes Hot Springs, 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 Boyes Hot Springs, 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 Boyes Hot Springs, 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 Boyes Hot Springs, 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 Boyes Hot Springs, 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 Boyes Hot Springs offer a flexible financing option for homeowners looking to buy a new property before selling their current one. This type of loan provides short-term funding to bridge the gap between the purchase of a new home and the sale of the existing one. It allows individuals to secure their dream home without being contingent on the sale of their old property. Demographics: Boyes Hot Springs, located in Sonoma County, California, has a population of approximately 6,000 residents. The area is known for its diverse community, with a mix of young professionals, families, and retirees. The median household income in Boyes Hot Springs is $55,000, with a mix of rental and owner-occupied properties. Housing Market: The housing market in Boyes Hot Springs is competitive, with a median home value of $600,000. The market is experiencing steady appreciation, making it an attractive location for real estate investment. Bridge loans provide buyers with the necessary funds to act quickly in a fast-paced market and secure properties before they are sold to other buyers. Main Attractions: Boyes Hot Springs is known for its natural hot springs, offering residents and visitors a relaxing retreat. The area is also close to Sonoma Plaza, known for its wineries, restaurants, and cultural events. Outdoor enthusiasts can explore nearby hiking trails and parks, making Boyes Hot Springs a desirable location for nature lovers.
Benefits of Bridge Loans in Boyes Hot Springs, California
