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Navigating the process of buying a new home in Cedar Ridge, 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 Cedar Ridge, CA or getting it ready for the market.
Identify the new home you want to buy in Cedar Ridge, 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 Cedar Ridge, 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 Cedar Ridge, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cedar Ridge, 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 Cedar Ridge, 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 Cedar Ridge, 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 Cedar Ridge, 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 Cedar Ridge, 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 in Cedar Ridge, California offer a short-term financing option that allows homeowners to purchase a new home before selling their existing one. This can be beneficial in a competitive housing market where quick purchases are necessary. Demographics: Cedar Ridge, California, is a charming town located in Nevada County with a population of approximately 1,200 residents. The community is known for its friendly atmosphere, strong sense of community, and beautiful natural surroundings. Housing Market: The housing market in Cedar Ridge is dynamic, with a mix of historic homes and modern properties. The median home value in Cedar Ridge is $450,000, and the market is competitive, making bridge loans a valuable tool for buyers. Main Attractions: Cedar Ridge is surrounded by stunning natural beauty, including access to hiking trails, parks, and recreational activities. The town also boasts a vibrant arts and culture scene, with galleries, music venues, and local events that bring the community together.
Bridge Loans in Cedar Ridge, California
