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Navigating the process of buying a new home in Duncans Mills, 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 Duncans Mills, CA or getting it ready for the market.
Identify the new home you want to buy in Duncans Mills, 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 Duncans Mills, 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 Duncans Mills, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Duncans Mills, 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 Duncans Mills, 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 Duncans Mills, 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 Duncans Mills, 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 Duncans Mills, 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 Duncans Mills offer a strategic financial solution for individuals looking to purchase a new home without having sold their current one. This allows for a seamless transition between properties without the stress of timing constraints. Demographically, Duncans Mills is a charming community in Sonoma County with a population of approximately 85 residents. Known for its rich history and picturesque setting, it attracts both locals and tourists seeking a peaceful retreat in Northern California. In terms of the housing market, Duncans Mills offers a mix of historic homes and modern residences. The market is competitive, with a median home price of around $700,000. Bridge loans provide buyers with the flexibility to secure their dream home in this desirable location. Main attractions in Duncans Mills include the historic Duncans Mills Historic District, where visitors can explore quaint shops and cafes. Outdoor enthusiasts can enjoy hiking along the Russian River or venturing to nearby wineries for tastings.
Benefits of Bridge Loans in Duncans Mills, California
