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Navigating the process of buying a new home in Clovis, 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 Clovis, CA or getting it ready for the market.
Identify the new home you want to buy in Clovis, 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 Clovis, 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 Clovis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Clovis, 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 Clovis, 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 Clovis, 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 Clovis, 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 Clovis, 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 Clovis, California offer numerous benefits to homebuyers and investors. These short-term loans help bridge the gap between the purchase of a new property and the sale of an existing one, providing the flexibility and financial support needed during transitions. Clovis, California, has a diverse population with a mix of families, young professionals, and retirees. The city has a strong sense of community and offers excellent schools, making it an attractive place for families. The median household income is above the national average, reflecting a stable and prosperous economy. The housing market in Clovis is competitive yet balanced, with a variety of property types available. Bridge loans can give buyers a competitive edge by allowing for quicker purchases and avoiding contingencies linked to selling an existing property. This flexibility can be crucial in a market where desirable properties move quickly. Clovis boasts several main attractions, including the Sierra National Forest for outdoor enthusiasts, the popular Old Town Clovis with its quaint shops and restaurants, and the Clovis Rodeo, a beloved annual event that attracts visitors from near and far.
Bridge Loans in Clovis, California
