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Navigating the process of buying a new home in Chico, 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 Chico, CA or getting it ready for the market.
Identify the new home you want to buy in Chico, 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 Chico, 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 Chico, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chico, 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 Chico, 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 Chico, 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 Chico, 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 Chico, 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 Chico offer a convenient financing option for homebuyers who are looking to transition smoothly from their current home to a new one. These short-term loans provide quick access to funds, allowing buyers to secure their new property without having to sell their existing one first. This can be particularly beneficial in competitive real estate markets where quick transactions are essential. Chico, located in Butte County, California, boasts a diverse demographic profile. The population is a mix of young professionals, families, and retirees, creating a vibrant community. The city is known for its excellent schools, making it an attractive destination for families looking to settle down. The median household income is above the national average, indicating a strong economic base. The housing market in Chico is dynamic, with a range of options available for buyers. From historic homes in tree-lined neighborhoods to modern condominiums in the downtown area, there is something for everyone. The market has seen steady appreciation in property values over the years, offering potential for a solid return on investment for homeowners. Main attractions in Chico include the Bidwell Park, one of the largest municipal parks in the country, offering outdoor activities such as hiking, biking, and picnicking. The city is also home to California State University, Chico, bringing a youthful energy to the area. Downtown Chico features a variety of shops, restaurants, and cultural venues, making it a hub of activity for residents and visitors alike.
Bridge Loans in Chico, California