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Navigating the process of buying a new home in Cambria, 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 Cambria, CA or getting it ready for the market.
Identify the new home you want to buy in Cambria, 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 Cambria, 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 Cambria, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cambria, 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 Cambria, 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 Cambria, 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 Cambria, 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 Cambria, 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 Cambria, California offer numerous benefits to homeowners and investors. These short-term loans provide quick access to funds for purchasing a new property before selling an existing one, helping to bridge the gap in financing. Demographics in Cambria show a diverse community with a population that values the coastal lifestyle. The town attracts retirees, artists, and nature enthusiasts due to its picturesque setting along the central California coast. The housing market in Cambria is dynamic, offering a mix of historic homes, cozy beach cottages, and modern properties. Bridge loans can help buyers secure their dream home in this competitive market by providing flexibility in financing. Main attractions in Cambria include the stunning Moonstone Beach, the historic Hearst Castle, and the charming village of East and West Cambria. These attractions contribute to the town's appeal and make it a desirable location for residents and visitors alike.
Benefits of Bridge Loans in Cambria, California
