Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Dorado, 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 El Dorado, CA or getting it ready for the market.
Identify the new home you want to buy in El Dorado, 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 El Dorado, 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 El Dorado, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Dorado, 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 El Dorado, 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 El Dorado, 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 El Dorado, 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 El Dorado, 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 offer immediate financial assistance to individuals in El Dorado, California, bridging the gap between the purchase of a new home and the sale of their existing property. This option provides flexibility and helps avoid the stress of a contingency sale. Demographics El Dorado, California, is a diverse community with a population that primarily consists of working professionals and families. The area boasts a mix of young couples and retirees, creating a vibrant and inclusive atmosphere. Housing Market The housing market in El Dorado, California, is robust, with a variety of property options ranging from modern townhouses to spacious single-family homes. Bridge loans facilitate quick transactions in this competitive market, allowing buyers to secure their dream homes without delays. Main Attractions El Dorado offers a plethora of attractions, including the El Dorado County Historical Museum, pristine parks, and picturesque wineries. Residents and visitors alike can enjoy outdoor adventures, cultural experiences, and a rich culinary scene in this vibrant community.
The Benefits of Bridge Loans in El Dorado, California
