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Navigating the process of buying a new home in Davenport, 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 Davenport, CA or getting it ready for the market.
Identify the new home you want to buy in Davenport, 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 Davenport, 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 Davenport, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Davenport, 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 Davenport, 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 Davenport, 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 Davenport, 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 Davenport, 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!
1. Benefits of Bridge Loans: Bridge loans in Davenport, California offer a quick financing solution for homebuyers. They provide the flexibility to purchase a new home before selling the existing one, avoiding the need for a contingency offer. This can be crucial in a competitive market where quick decisions are essential. 2. Demographics: Davenport, California has a population of approximately 400 residents, offering a small-town charm with a tight-knit community. The area is known for its scenic coastal views and proximity to nature reserves, attracting both young professionals and retirees looking for a peaceful lifestyle. 3. Housing Market: The housing market in Davenport features a mix of historic cottages and modern coastal homes. Median home prices are around $1 million, reflecting the desirable location and limited inventory. Bridge loans can help buyers secure their dream home without the constraints of a traditional mortgage. 4. Main Attractions: Davenport boasts stunning beaches, such as Shark Fin Cove and Davenport Cove, popular for surfing and relaxation. The nearby Wilder Ranch State Park offers hiking and biking trails with panoramic ocean views, making it a haven for outdoor enthusiasts.
Bridge Loans in Davenport, California
