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Navigating the process of buying a new home in Carmel Valley, 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 Carmel Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Carmel Valley, 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 Carmel Valley, 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 Carmel Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carmel Valley, 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 Carmel Valley, 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 Carmel Valley, 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 Carmel Valley, 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 Carmel Valley, 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 Carmel Valley offer numerous advantages for homebuyers. They provide short-term financing solutions that allow buyers to secure a new home before selling their existing one, avoiding the need for contingent offers. This flexibility can give buyers a competitive edge in a fast-paced real estate market like Carmel Valley. Carmel Valley, California, boasts a diverse population with a median age of 45. The area is known for its high standard of living, excellent schools, and proximity to major tech companies in Silicon Valley, making it an attractive location for families and professionals alike. The housing market in Carmel Valley is thriving, with a mix of luxury estates, single-family homes, and condominiums. The median home value is above the national average, reflecting the desirability of the area. Bridge loans can help buyers navigate this competitive market by providing the necessary financial support to secure their dream home. Some of the main attractions in Carmel Valley include the stunning Garland Ranch Regional Park, known for its hiking trails and scenic beauty. The area is also famous for its vineyards and wineries, offering residents a taste of California's renowned wine culture.
Benefits of Bridge Loans in Carmel Valley, California
