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Navigating the process of buying a new home in Campo, 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 Campo, CA or getting it ready for the market.
Identify the new home you want to buy in Campo, 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 Campo, 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 Campo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Campo, 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 Campo, 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 Campo, 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 Campo, 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 Campo, 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 Campo, California provide a valuable financing option for borrowers looking to bridge the gap between the purchase of a new home and the sale of their current property. These loans offer quick access to funds, enabling buyers to secure their new home without having to wait for their existing property to sell. Demographics: Campo, California, is a small, rural community located in southeastern San Diego County. The area has a population of approximately 2,700 residents, with a median household income slightly below the state average. The community is known for its tight-knit feel and picturesque surroundings, making it an attractive place to live for those seeking a quiet, rural lifestyle. Housing Market: The housing market in Campo, California, offers a mix of single-family homes, ranch properties, and vacant land options. The market has shown steady growth in recent years, with a median home value that is slightly lower than the state average. Bridge loans can help buyers take advantage of the available properties in Campo while navigating the sale of their current homes. Main Attractions: Campo offers a range of outdoor activities, including hiking, horseback riding, and camping in the nearby Cleveland National Forest. The community is also home to the Pacific Southwest Railway Museum, which showcases the region's railroad history and offers scenic train rides through the backcountry.
Benefits of Bridge Loans in Campo, California
