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Navigating the process of buying a new home in Elk Grove, 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 Grove, CA or getting it ready for the market.
Identify the new home you want to buy in Elk Grove, 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 Grove, 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 Grove, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elk Grove, 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 Grove, 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 Grove, 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 Grove, 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 Grove, 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 Elk Grove, California offers numerous benefits to homeowners. It provides individuals with the flexibility to purchase a new home before selling their existing one. This can prevent the need to rush a sale and potentially secure a higher selling price. Demographically, Elk Grove is known for its diverse community, with a mix of families, young professionals, and retirees. The city's population is around 175,000 and offers a range of housing options to suit different needs and budgets. The housing market in Elk Grove is characterized by steady growth and increasing property values. The area has a mix of single-family homes, townhouses, and apartments, catering to a variety of preferences. With a competitive market, bridge loans can help buyers act quickly. Popular attractions in Elk Grove include the Elk Grove Regional Park, Laguna Creek Trail, and Stone Lakes National Wildlife Refuge. These outdoor spaces provide residents with opportunities for recreation, relaxation, and a connection to nature.
Benefits of Bridge Loans in Elk Grove, California
