Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elmira, 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 Elmira, CA or getting it ready for the market.
Identify the new home you want to buy in Elmira, 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 Elmira, 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 Elmira, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elmira, 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 Elmira, 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 Elmira, 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 Elmira, 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 Elmira, 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 Elmira, California offer a valuable financing option for those looking to purchase a new home before selling their existing one. These short-term loans bridge the gap between the sale of the old property and the purchase of the new one, providing flexibility and convenience to homeowners. Demographically, Elmira is a small, tight-knit community located in Solano County. With a population of around 2000 residents, Elmira offers a peaceful and rural setting, making it an ideal place for those seeking a quiet and close-knit neighborhood to call home. The housing market in Elmira is characterized by a mix of historic homes and newer developments, providing a range of options for homebuyers. With median home prices lower than neighboring cities, Elmira presents an affordable housing market with great potential for growth and investment. Some of the main attractions in Elmira include the scenic vineyards and wineries that dot the landscape, offering residents and visitors alike the opportunity to indulge in wine tasting and enjoy the beauty of the countryside. Additionally, Elmira's proximity to the bustling city of Sacramento provides easy access to urban amenities while maintaining a peaceful rural charm.
The Benefits of Bridge Loans in Elmira, California
