Get Approved at The Lowest Rate
Navigating the process of buying a new home in Coalinga, 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 Coalinga, CA or getting it ready for the market.
Identify the new home you want to buy in Coalinga, 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 Coalinga, 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 Coalinga, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga offer a convenient financing option for homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. They provide flexibility and speed, allowing buyers to secure a new property without being contingent on selling their existing home. Demographics in Coalinga paint a diverse picture. With a population of approximately 16,000 residents, the city boasts a mix of cultures and backgrounds. The median age in Coalinga is 33 years old, making it an attractive location for young families and professionals looking to settle in a vibrant community. The housing market in Coalinga is dynamic, offering a range of options for buyers. The median home value in the city is around $200,000, making it an affordable choice for first-time buyers and families. The market is stable, with steady appreciation rates and a variety of properties to choose from. Coalinga, California, is known for its unique attractions that showcase the city's rich history and natural beauty. The Coalinga Museum, Harris Ranch, and the beautiful West Hills College campus are just a few of the main attractions that draw visitors and residents alike to this vibrant community.
Benefits of Bridge Loans in Coalinga, California
