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Navigating the process of buying a new home in Castroville, 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 Castroville, CA or getting it ready for the market.
Identify the new home you want to buy in Castroville, 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 Castroville, 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 Castroville, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Castroville, 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 Castroville, 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 Castroville, 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 Castroville, 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 Castroville, 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 Castroville offer immediate financial assistance to bridge the gap between the purchase of a new home and the sale of the current property. This enables homebuyers to secure their new home without being contingent on the sale of their existing one, providing flexibility and convenience in the buying process. Castroville, California, is a diverse community with a population that represents various cultural backgrounds. The town is known for its rich agricultural history, and residents enjoy a Mediterranean climate with mild temperatures throughout the year, making it an attractive place to live for those seeking a temperate climate. The housing market in Castroville is characterized by a mix of single-family homes, townhouses, and condominiums. The market is competitive, with a steady demand for properties due to the town's proximity to employment centers and recreational areas. Bridge loans can help buyers navigate this competitive market by providing quick access to funds for a down payment or closing costs. Some of the main attractions in Castroville include the Monterey Bay Aquarium, a popular destination for families and nature enthusiasts. The town is also close to the beautiful beaches of Monterey and offers easy access to outdoor activities such as hiking, biking, and fishing, making it an ideal location for those who enjoy an active lifestyle.
Benefits of Bridge Loans in Castroville, California
