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Navigating the process of buying a new home in Dorris, 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 Dorris, CA or getting it ready for the market.
Identify the new home you want to buy in Dorris, 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 Dorris, 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 Dorris, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dorris, 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 Dorris, 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 Dorris, 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 Dorris, 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 Dorris, 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 Dorris, California offer a valuable financial solution for individuals looking to bridge the gap between the purchase of a new home and the sale of their current one. These short-term loans provide quick access to funds, allowing homeowners to seize opportunities without the stress of timing constraints. Dorris, California, with a population of approximately 939 residents, boasts a charming small-town atmosphere and a diverse community. With a median household income of $38,438, the city offers a cost-effective living environment ideal for families and retirees alike. The housing market in Dorris is characterized by a mix of single-family homes and apartments, with a median home value of $124,100. The market is stable, offering affordable housing options for both buyers and renters, making it an attractive location for those seeking a peaceful lifestyle in Northern California. While in Dorris, residents and visitors can explore attractions such as the Dorris City Park, which features picnic areas and playgrounds, as well as nearby outdoor recreational activities like hiking, fishing, and camping in the picturesque surroundings of the Modoc National Forest.
Benefits of Bridge Loans in Dorris, California
