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Navigating the process of buying a new home in El Portal, 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 Portal, CA or getting it ready for the market.
Identify the new home you want to buy in El Portal, 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 Portal, 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 Portal, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Portal, 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 Portal, 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 Portal, 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 Portal, 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 Portal, 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 Portal, California offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. These loans provide quick access to funds, bridging the gap between buying and selling, allowing for seamless transitions. Demographically, El Portal is a charming village located near Yosemite National Park. With a population of around 500 residents, it offers a tight-knit community atmosphere. Home to diverse demographics, including families, retirees, and outdoor enthusiasts, El Portal showcases a mix of cultures and backgrounds. The housing market in El Portal is characterized by a mix of historic homes, cozy cottages, and modern residences. The market is competitive, with limited inventory driving up prices. Bridge loans can help buyers secure their dream homes in this sought-after location, giving them a competitive edge in the market. Main attractions in El Portal include proximity to Yosemite National Park, offering residents and visitors a gateway to stunning natural beauty. The Merced River, Hite Cove Trail, and El Portal Market are also popular spots, providing recreational opportunities and local amenities for residents to enjoy.
Benefits of Bridge Loans in El Portal, California
