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Navigating the process of buying a new home in Cottonwood, 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 Cottonwood, CA or getting it ready for the market.
Identify the new home you want to buy in Cottonwood, 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 Cottonwood, 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 Cottonwood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 Cottonwood, 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 offer immediate access to funds for purchasing a new home before selling the current one, providing financial flexibility and avoiding the need for contingent offers. Located in Shasta County, Cottonwood, California has a population of around 3,300. The area boasts a rural charm with easy access to outdoor activities like hiking in the nearby Lassen National Forest. The housing market in Cottonwood is competitive, with a median home price of $$325,000. Bridge loans can help buyers secure a property quickly in such a competitive market. Main attractions in Cottonwood include the Cottonwood Creek Wildlife Area, which offers birdwatching and nature trails, as well as the nearby Sacramento River for fishing and boating.
Benefits of Bridge Loans in Cottonwood, California
