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Navigating the process of buying a new home in Cloverdale, 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 Cloverdale, CA or getting it ready for the market.
Identify the new home you want to buy in Cloverdale, 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 Cloverdale, 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 Cloverdale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cloverdale, 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 Cloverdale, 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 Cloverdale, 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 Cloverdale, 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 Cloverdale, 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 Cloverdale, California offer a convenient solution for homeowners who need to purchase a new home before selling their current one. These short-term loans provide quick access to funds, enabling buyers to secure their new property without waiting for the sale of their existing home. Demographically, Cloverdale is a charming town located in Sonoma County, known for its picturesque vineyards and close-knit community. The population is approximately 9,000 residents, with a mix of families, young professionals, and retirees enjoying the town's peaceful ambiance. The housing market in Cloverdale is vibrant, with a healthy balance of new developments and historic homes. The median home price is around $600,000, making it an attractive option for those looking to invest in real estate. Bridge loans play a crucial role in facilitating the buying and selling process, offering financial flexibility to homeowners. Aside from its real estate appeal, Cloverdale boasts several main attractions, including the Cloverdale Arts Alliance, local wineries offering tastings, and outdoor activities such as hiking in nearby parks. The town's rich cultural scene and scenic beauty make it a sought-after destination for residents and visitors alike.
Benefits of Bridge Loans in Cloverdale, California
