Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Dorado Hills, 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 Hills, CA or getting it ready for the market.
Identify the new home you want to buy in El Dorado Hills, 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 Hills, 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 Hills, 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 Hills, 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 Hills, 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 Hills, 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 Hills, 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 Hills, 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 El Dorado Hills offer various benefits for homeowners. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. They provide quick access to funds, allowing buyers to secure their new property before selling their existing one. Demographically, El Dorado Hills is a thriving community located in El Dorado County, California. Known for its scenic beauty, excellent schools, and low crime rates, it attracts families and professionals alike. The median household income is above the national average, indicating a strong economic base. The housing market in El Dorado Hills is competitive yet diverse. With a mix of single-family homes, townhouses, and luxury estates, there is something for everyone. Bridge loans can help buyers navigate this market by offering flexibility and financial support during the buying and selling process. Some main attractions in El Dorado Hills include the El Dorado Hills Town Center, featuring shops, restaurants, and community events. Outdoor enthusiasts can enjoy the numerous parks, trails, and nearby Folsom Lake for recreational activities. The area's proximity to wineries and historic sites adds to its charm and appeal.
Bridge Loans in El Dorado Hills, California
