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Navigating the process of buying a new home in Buellton, 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 Buellton, CA or getting it ready for the market.
Identify the new home you want to buy in Buellton, 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 Buellton, 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 Buellton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Buellton, 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 Buellton, 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 Buellton, 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 Buellton, 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 Buellton, 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 Buellton, California offer a valuable financing solution for homeowners looking to purchase a new property before selling their current one. These loans provide short-term funding to cover the gap between the sale of the existing home and the purchase of a new one, ensuring a smooth transition without the need to wait for a sale to go through. Demographically, Buellton is a charming city located in Santa Barbara County, known for its picturesque vineyards and wineries. The population is around 5,000, with a mix of families, professionals, and retirees, creating a diverse and welcoming community. In terms of the housing market, Buellton offers a range of properties from cozy single-family homes to spacious estates, with a median home price of $600,000. The market is stable, with a steady increase in property values, making it an attractive investment opportunity for buyers and sellers alike. Some main attractions in Buellton include the famous Andersen's Split Pea Soup restaurant, the beautiful Ostrich Land, and the scenic vineyards of the Santa Ynez Valley. The city also hosts annual events like the Buellton Brew Fest, drawing visitors from near and far to experience the local culture and cuisine.
Benefits of Bridge Loans in Buellton, California
