Get Approved at The Lowest Rate
Navigating the process of buying a new home in Covelo, 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 Covelo, CA or getting it ready for the market.
Identify the new home you want to buy in Covelo, 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 Covelo, 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 Covelo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Covelo, 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 Covelo, 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 Covelo, 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 Covelo, 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 Covelo, 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 Covelo, California offer a crucial financial lifeline to individuals and businesses by providing short-term funding solutions for real estate transactions. These loans help bridge the gap between the purchase of a new property and the sale of an existing one, enabling seamless transitions without the need for long waiting periods. Covelo, a charming town nestled in Mendocino County, boasts a diverse demographic mix. With a population of around 1,255 residents, Covelo is known for its tight-knit community atmosphere. The town is home to a mix of families, professionals, and retirees, creating a vibrant and inclusive environment. The housing market in Covelo, California, offers a unique blend of affordability and potential for growth. With median home prices below the state average, Covelo presents an attractive option for first-time buyers and investors looking to capitalize on emerging market trends. The market is stable, with steady appreciation rates and a range of housing options.
Benefits of Bridge Loans in Covelo, California
