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Navigating the process of buying a new home in Cobb, 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 Cobb, CA or getting it ready for the market.
Identify the new home you want to buy in Cobb, 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 Cobb, 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 Cobb, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cobb, 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 Cobb, 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 Cobb, 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 Cobb, 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 Cobb, 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 Cobb, California offer numerous benefits to real estate investors and homeowners. These short-term loans provide immediate funds to bridge financial gaps, allowing individuals to secure new properties quickly without waiting for the sale of their existing ones. This flexibility is crucial in competitive markets. Demographically, Cobb is a picturesque unincorporated community in Lake County, known for its tranquil ambiance and beautiful natural surroundings. With a population of approximately 1,778 residents, it offers a tight-knit community feel, making it an ideal place for families, retirees, and individuals seeking a peaceful lifestyle. The housing market in Cobb, California, presents a mix of opportunities. With a median home value of $251,000, the market is relatively affordable compared to neighboring areas. However, the demand for properties is increasing, making bridge loans a valuable tool for those looking to capitalize on investment opportunities quickly. Main attractions in Cobb include the stunning Boggs Mountain Demonstration State Forest, a haven for outdoor enthusiasts offering hiking, mountain biking, and camping opportunities. Additionally, residents and visitors can enjoy the renowned Adam Springs Golf Course, known for its scenic views and challenging play.
Benefits of Bridge Loans in Cobb, California
