Get Approved at The Lowest Rate
Navigating the process of buying a new home in Clearlake, 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 Clearlake, CA or getting it ready for the market.
Identify the new home you want to buy in Clearlake, 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 Clearlake, 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 Clearlake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clearlake, 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 Clearlake, 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 Clearlake, 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 Clearlake, 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 Clearlake, 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 Clearlake provide immediate financing solutions for homebuyers to purchase a new property before selling their existing one. It offers flexibility with quick approvals, less stringent credit requirements, and allows buyers to secure their new home without waiting for their old one to sell. Demographics: Clearlake, California, has a population of approximately 15,000 residents. The median age is 41, with a mix of families, retirees, and young professionals. The city is known for its diverse community and affordable living options. Housing Market: Clearlake's housing market offers a range of options from lakeside cottages to suburban family homes. Prices are competitive, with the median home value at $200,000. The market is stable, making it an attractive location for both buyers and investors. Main Attractions: Clearlake is famous for its outdoor activities, including water sports on Clear Lake, California's largest freshwater lake. The city also boasts parks, hiking trails, and wineries, making it a popular destination for nature lovers and tourists.
Bridge Loans in Clearlake, California
