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Navigating the process of buying a new home in El Verano, 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 Verano, CA or getting it ready for the market.
Identify the new home you want to buy in El Verano, 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 Verano, 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 Verano, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Verano, 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 Verano, 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 Verano, 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 Verano, 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 Verano, 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!
A bridge loan in El Verano, California offers several advantages for homebuyers. These temporary loans bridge the gap between the purchase of a new home and the sale of the current one, providing financial flexibility and allowing buyers to secure their new dream home without delays. El Verano, California is a vibrant community with a diverse demographic profile. The area boasts a mix of young families, professionals, and retirees, creating a rich tapestry of cultures and lifestyles. The town's welcoming atmosphere and strong sense of community make it an ideal place to settle down. The housing market in El Verano is experiencing steady growth, offering a range of housing options to suit different needs and budgets. The market is competitive yet stable, making it an attractive destination for both first-time buyers and seasoned investors looking to capitalize on the area's potential for appreciation. El Verano is home to some of California's most iconic attractions, including the beautiful Sonoma Plaza, renowned for its historic architecture and vibrant shopping scene. The region's world-class wineries and picturesque vineyards also make it a popular tourist destination, attracting visitors from near and far.
Benefits of Bridge Loans in El Verano, California
