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Navigating the process of buying a new home in Clearlake Oaks, 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 Oaks, CA or getting it ready for the market.
Identify the new home you want to buy in Clearlake Oaks, 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 Oaks, 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 Oaks, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clearlake Oaks, 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 Oaks, 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 Oaks, 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 Oaks, 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 Oaks, 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 offer quick access to funds for individuals in Clearlake Oaks, California, facilitating seamless property purchases and avoiding delays. These short-term loans provide financial flexibility and can cover the down payment on a new home while waiting for the sale of the current property. Clearlake Oaks, located in Lake County, has a population of approximately 2,000 residents. The area boasts a peaceful and close-knit community, with a mix of retirees, families, and outdoor enthusiasts. The town enjoys a Mediterranean climate, making it an attractive place to live for those seeking a relaxed lifestyle. The housing market in Clearlake Oaks offers a variety of options, from waterfront homes to cozy cabins in the woods. With the median home price below the state average, it presents affordable housing opportunities. Bridge loans can facilitate the purchase of these properties, allowing buyers to secure their dream home quickly. Main attractions in Clearlake Oaks include Clear Lake, the largest natural freshwater lake entirely within California. Residents and visitors can enjoy fishing, boating, and water sports. The area also features Clear Lake State Park, offering hiking trails and camping sites amidst stunning natural scenery.
Benefits of Bridge Loans in Clearlake Oaks, California
