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Navigating the process of buying a new home in Delano, 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 Delano, CA or getting it ready for the market.
Identify the new home you want to buy in Delano, 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 Delano, 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 Delano, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Delano, 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 Delano, 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 Delano, 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 Delano, 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 Delano, 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 Delano, California offer a crucial financial solution for homeowners looking to purchase a new home before selling their existing one. These loans provide immediate access to funds and bridge the gap between the sale of one property and the purchase of another. Delano, California, located in Kern County, has a population that is primarily Hispanic, with a strong sense of community and rich cultural diversity. The city's proximity to major highways and airports makes it a convenient location for residents who value access to transportation and amenities. The housing market in Delano presents opportunities for both buyers and sellers. With a mix of historic homes and modern developments, the real estate market caters to diverse preferences and budgets. Bridge loans can help buyers secure their dream homes quickly in this competitive market. Delano boasts attractions such as the Colonel Allensworth State Historic Park, offering a glimpse into African American history, and the Aviator Casino for entertainment. The city's agricultural background is evident with vineyards and orchards surrounding the area, making it a scenic and peaceful place to call home.
Benefits of Bridge Loans in Delano, California
