Get Approved at The Lowest Rate
Navigating the process of buying a new home in Crescent City, 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 Crescent City, CA or getting it ready for the market.
Identify the new home you want to buy in Crescent City, 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 Crescent City, 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 Crescent City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Crescent City, 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 Crescent City, 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 Crescent City, 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 Crescent City, 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 Crescent City, 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 Crescent City, California offer numerous advantages to borrowers, providing a short-term financing solution that bridges the gap between the purchase of a new home and the sale of an existing one. These loans help borrowers secure funds quickly and with minimal documentation, enabling them to make competitive offers and move swiftly in a fast-paced real estate market. Demographics: Crescent City, California, is a coastal city located in Del Norte County, with a population of approximately 7,600 residents. The city's diverse community includes a mix of families, retirees, and young professionals, creating a dynamic and welcoming environment for all. Housing Market: The housing market in Crescent City, California, is characterized by a range of properties, from charming seaside cottages to modern waterfront homes. With a median home price of $250,000, the market offers affordable options for first-time buyers and investors looking to capitalize on the city's growing real estate sector. Main Attractions: Crescent City boasts a variety of attractions, including the stunning Redwood National and State Parks, where visitors can explore ancient redwood forests and breathtaking coastline views. The Battery Point Lighthouse, the Ocean World Aquarium, and the nearby Jedediah Smith Redwoods State Park are also popular destinations for residents and tourists alike.
Benefits of Bridge Loans in Crescent City, California
