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Navigating the process of buying a new home in Carmichael, 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 Carmichael, CA or getting it ready for the market.
Identify the new home you want to buy in Carmichael, 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 Carmichael, 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 Carmichael, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carmichael, 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 Carmichael, 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 Carmichael, 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 Carmichael, 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 Carmichael, 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!
Benefits of Bridge Loans: Bridge loans offer quick access to funds, bridging the gap between the purchase of a new home and the sale of the current one. This flexibility can prevent missed opportunities and help in securing the dream home without the pressure of selling the existing property first. Demographics: Carmichael, California, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly neighborhoods, excellent schools, and easy access to amenities like parks, restaurants, and shopping centers. Housing Market: The housing market in Carmichael is competitive yet offers a range of options from single-family homes to condos and townhouses. The market is characterized by stable growth, making it a desirable location for both first-time homebuyers and seasoned investors. Main Attractions: Carmichael boasts beautiful parks such as Ancil Hoffman Park and Jensen Botanical Gardens, perfect for outdoor activities. The area also features the American River Bike Trail, providing scenic views for biking and jogging enthusiasts. Additionally, residents enjoy a variety of dining options and cultural events in the vibrant community.
Bridge Loans in Carmichael, California
