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Navigating the process of buying a new home in Elk Creek, 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 Creek, CA or getting it ready for the market.
Identify the new home you want to buy in Elk Creek, 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 Creek, 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 Creek, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elk Creek, 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 Creek, 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 Creek, 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 Creek, 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 Creek, 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 Elk Creek, California offer a convenient solution for homebuyers looking to purchase a new home before selling their existing property. This type of loan provides short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. It allows buyers to make a competitive offer without being contingent on the sale of their existing home, speeding up the buying process. Elk Creek, California, boasts a diverse population with a mix of families, young professionals, and retirees. The area is known for its scenic beauty, with picturesque landscapes and outdoor recreational opportunities. The community is close-knit, offering a friendly atmosphere and a range of amenities such as schools, shopping centers, and healthcare facilities. The housing market in Elk Creek, California, is vibrant with a mix of single-family homes, apartments, and vacation properties. The market offers a range of options to suit different budgets and preferences, making it attractive to first-time homebuyers and seasoned investors alike. With the help of bridge loans, buyers can take advantage of the current market conditions and secure their dream home in this desirable location.
Benefits of Bridge Loans in Elk Creek, California
