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Navigating the process of buying a new home in Canyon, 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 Canyon, CA or getting it ready for the market.
Identify the new home you want to buy in Canyon, 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 Canyon, 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 Canyon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Canyon, 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 Canyon, 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 Canyon, 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 Canyon, 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 Canyon, 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 offer a valuable financial solution for homeowners in Canyon, California, allowing them to bridge the gap between the purchase of a new home and the sale of their existing property. This temporary financing option provides the flexibility and liquidity needed to secure the new property without being contingent on the sale of the old one. Demographics: Canyon, California, is a small but vibrant community with a population of around 500 residents. Known for its scenic beauty and close-knit community feel, Canyon attracts residents who value privacy and a slower pace of life amidst the stunning natural surroundings of the area. Housing Market: The housing market in Canyon, California, offers a mix of charming rustic homes and modern properties nestled in the picturesque landscapes. With a steady demand for housing, property values have been on the rise, making it an attractive market for both buyers and sellers looking to invest in a serene and desirable location. Main Attractions: Canyon, California, is home to several main attractions such as Redwood Regional Park, offering stunning hiking trails and panoramic views of the Bay Area, and the Chabot Space & Science Center, providing an educational and entertaining experience for visitors of all ages.
The Benefits of Bridge Loans in Canyon, California
