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Navigating the process of buying a new home in Elk, 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 Elk, CA or getting it ready for the market.
Identify the new home you want to buy in Elk, 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 Elk, 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 Elk, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elk, 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 Elk, 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 Elk, 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 Elk, 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 Elk, 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!
Benefits: Bridge loans in Elk, California offer a convenient financing option for homeowners looking to purchase a new property before selling their existing one. These loans provide short-term funding that bridges the gap between the purchase of a new home and the sale of the current one, allowing for a smoother transition without the need for a contingency offer. Demographics: Elk, California is a charming coastal town with a population of approximately 200 residents. Known for its small-town feel and scenic beauty, Elk attracts a mix of retirees, artists, and nature lovers. The community is tight-knit, with a focus on preserving the town's natural surroundings and historic charm. Housing Market: The housing market in Elk, California offers a mix of quaint cottages, luxury estates, and seaside properties. With a limited inventory and high demand for homes in this desirable area, property values have remained stable, making it an attractive investment opportunity for homeowners and investors alike. Main Attractions: Elk is home to stunning coastal views, pristine beaches, and a vibrant art scene. Visitors and residents can enjoy whale watching, hiking in the nearby redwood forests, and exploring local art galleries and boutique shops. The town's laid-back atmosphere and natural beauty make it a hidden gem on California's North Coast.
Benefits of Bridge Loans in Elk, California
