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Navigating the process of buying a new home in Camino, 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 Camino, CA or getting it ready for the market.
Identify the new home you want to buy in Camino, 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 Camino, 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 Camino, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Camino, 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 Camino, 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 Camino, 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 Camino, 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 Camino, 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 Camino, California offer a crucial financial lifeline for homebuyers. These short-term loans bridge the gap between the purchase of a new home and the sale of the current property. This allows buyers to secure their dream home without being contingent on the sale of their existing one. Demographics in Camino show a diverse community with a mix of families and retirees. The area is known for its scenic beauty, including the proximity to Eldorado National Forest. With a population that appreciates the outdoors, Camino offers a tranquil setting ideal for those seeking a peaceful lifestyle. The housing market in Camino is competitive yet offers a range of options. The median home price is affordable compared to neighboring areas, making it an attractive location for both first-time buyers and those looking to upgrade. Bridge loans play a vital role in facilitating these real estate transactions, providing flexibility and speed in a competitive market.
The Benefits of Bridge Loans in Camino, California
