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Navigating the process of buying a new home in Colfax, 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 Colfax, CA or getting it ready for the market.
Identify the new home you want to buy in Colfax, 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 Colfax, 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 Colfax, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Colfax, 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 Colfax, 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 Colfax, 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 Colfax, 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 Colfax, 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 Colfax, California offer flexibility to homeowners looking to purchase a new property before selling their current one. This type of financing provides immediate capital to bridge the gap between buying and selling, enabling smooth transitions without the need for contingencies. Colfax, California boasts a diverse population with a mix of families, young professionals, and retirees. The town's charming small-town feel combined with its proximity to both Sacramento and Lake Tahoe makes it an ideal location for those seeking a balance between city amenities and outdoor adventures. The housing market in Colfax, California is competitive yet stable. With a range of housing options from historic homes to modern developments, there is something for every buyer. The median home price in Colfax is relatively affordable compared to nearby cities, making it an attractive choice for first-time buyers and investors alike. Main attractions in Colfax, California include the historic downtown area, known for its quaint shops and cozy cafes. Outdoor enthusiasts can enjoy hiking and biking along the nearby trails, while families can explore local parks and attend community events throughout the year.
Benefits of Bridge Loans in Colfax, California
