Get Approved at The Lowest Rate
Navigating the process of buying a new home in Burney, 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 Burney, CA or getting it ready for the market.
Identify the new home you want to buy in Burney, 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 Burney, 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 Burney, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burney, 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 Burney, 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 Burney, 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 Burney, 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 Burney, 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 Burney, California offer unique advantages to both homebuyers and sellers. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one, providing funds for a down payment. This allows buyers to secure their new property quickly without being contingent on selling their current home. Burney, California, is a charming town with a population of around 3,000 residents. The median age is 40 years old, and the median household income is $35,000. The town is known for its scenic beauty, outdoor recreational opportunities, and tight-knit community. The housing market in Burney is stable, offering a mix of affordable single-family homes and larger properties. The median home price is around $200,000, making it an attractive option for first-time buyers and investors. With low inventory and high demand, properties in Burney tend to sell quickly, making bridge loans a valuable financing option. Some main attractions in Burney include the iconic Burney Falls, a 129-foot waterfall in McArthur-Burney Falls Memorial State Park. The town is also home to the Pacific Crest Trail, offering stunning views for hikers and nature enthusiasts. Additionally, the Intermountain Fairgrounds host various events throughout the year, bringing the community together.
Benefits of Bridge Loans in Burney, California
