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Navigating the process of buying a new home in Burrel, 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 Burrel, CA or getting it ready for the market.
Identify the new home you want to buy in Burrel, 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 Burrel, 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 Burrel, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burrel, 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 Burrel, 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 Burrel, 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 Burrel, 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 Burrel, 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 Burrel, California offer flexibility in financing, allowing homeowners to purchase a new home before selling their current one. This can be a great advantage in competitive markets or when a quick sale is not possible, providing seamless transitions. Burrel, California, has a diverse demographic mix including a significant Hispanic population. The town has a close-knit community feel making it an attractive place to live. The median household income in Burrel is $57,000 with affordable housing options compared to nearby areas. The housing market in Burrel is stable with a mix of residential properties ranging from single-family homes to townhouses. The median home value is $215,000, offering an affordable housing market for both buyers and sellers. Bridge loans can help facilitate quick transactions in this market. Some of the main attractions in Burrel include the breathtaking Sierra National Forest, offering outdoor activities such as hiking and camping. The nearby historical town of Stratford provides cultural experiences, and Burrel's proximity to Fresno ensures access to urban amenities.
Benefits of Bridge Loans in Burrel, California
