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Navigating the process of buying a new home in Durham, 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 Durham, CA or getting it ready for the market.
Identify the new home you want to buy in Durham, 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 Durham, 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 Durham, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Durham, 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 Durham, 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 Durham, 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 Durham, 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 Durham, 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 Durham, California offer a crucial financial lifeline to homebuyers by providing short-term funding to bridge the gap between the purchase of a new home and the sale of the existing one. These loans enable individuals to secure their dream homes without being burdened by the pressure of selling their current property quickly. Demographics: Durham, California, is a charming town with a population of approximately 7,300 residents. The community primarily consists of families and working professionals looking for a peaceful and family-friendly environment to call home. The town offers excellent schools, parks, and a strong sense of community. Housing Market: The housing market in Durham is stable, with a blend of historic homes and modern properties. The average home price is around $400,000, making it an attractive location for first-time homebuyers and families. Bridge loans in Durham play a vital role in helping individuals navigate the competitive real estate market in the area. Main Attractions: Durham is known for its beautiful natural landscapes, including Bidwell Park and the Sacramento River. Residents enjoy outdoor activities such as hiking, biking, and picnicking. The town also hosts community events, farmers' markets, and local festivals that bring residents together.
Benefits of Bridge Loans in Durham, California
