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Navigating the process of buying a new home in Byron, 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 Byron, CA or getting it ready for the market.
Identify the new home you want to buy in Byron, 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 Byron, 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 Byron, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Byron, 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 Byron, 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 Byron, 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 Byron, 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 Byron, 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 Byron, California offer numerous benefits to individuals and families looking to buy a new home before selling their current one. These short-term loans provide the necessary funds to bridge the gap between buying a new house and selling the old one, avoiding the need for a contingent offer and enabling a smoother transition. Demographics: Byron, California has a population of approximately 3,500 residents. The town is known for its diverse community, with a mix of young families, professionals, and retirees. The median household income is above the national average, making it an attractive place for those looking for a comfortable lifestyle. Housing Market: The housing market in Byron is competitive yet offers a range of options for buyers. The median home price is currently around $600,000, with a mix of single-family homes and townhouses to choose from. Bridge loans can provide buyers with the flexibility to secure their dream home without the pressure of selling their existing property quickly. Main Attractions: Byron offers a charming small-town feel with easy access to outdoor activities such as hiking, biking, and water sports. The nearby Delta region provides ample opportunities for boating and fishing enthusiasts, while proximity to vineyards and wineries adds a touch of luxury to the local lifestyle.
Benefits of Bridge Loans in Byron, California
