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Navigating the process of buying a new home in Calpine, 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 Calpine, CA or getting it ready for the market.
Identify the new home you want to buy in Calpine, 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 Calpine, 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 Calpine, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Calpine, 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 Calpine, 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 Calpine, 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 Calpine, 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 Calpine, 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!
Benefits of Bridge Loans: Bridge loans in Calpine, California offer a short-term financing solution for buyers looking to purchase a new property before selling their current one. This allows for a smoother transition without the pressure of selling quickly. Such loans provide flexibility in real estate transactions by bridging the gap between the sale of the existing home and the purchase of a new property. They can also help in securing a new home quickly in a competitive market, giving buyers an edge over others. Additionally, bridge loans can be beneficial for those in need of immediate funds for home repairs or renovations to increase the value of the property before putting it on the market. Demographics: Calpine, California, located in Sierra County, has a population of approximately 200 residents. The town boasts a small, close-knit community with a mix of families and retirees, enjoying a peaceful rural setting amidst the Sierra Nevada mountains. Housing Market: The housing market in Calpine offers a range of options from cozy cabins to spacious ranch-style homes. With the median home value around $300,000, the market is relatively stable, making it an attractive location for both primary residences and vacation homes. Main Attractions: Calpine is known for its proximity to outdoor recreational activities, including hiking trails, fishing spots, and camping areas in the Tahoe National Forest. The picturesque Sierra Valley and nearby hot springs also make it a sought-after destination for nature lovers.
Benefits of Bridge Loans in Calpine, California
