Get Approved at The Lowest Rate
Navigating the process of buying a new home in Elverta, 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 Elverta, CA or getting it ready for the market.
Identify the new home you want to buy in Elverta, 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 Elverta, 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 Elverta, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Elverta, 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 Elverta, 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 Elverta, 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 Elverta, 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 Elverta, 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 Elverta, California offer numerous advantages to residents. Firstly, they provide quick access to funds for purchasing a new property before selling the current one. This can be crucial in competitive markets where speed is essential. Secondly, they bridge the financial gap between buying and selling, preventing potential delays or missed opportunities. Lastly, bridge loans often have flexible terms and can be customized to individual needs, making them a convenient financial tool for homeowners. Elverta, California, is a diverse community with a population that is predominantly middle-class and family-oriented. The town enjoys a suburban feel with a mix of residential neighborhoods and rural areas, offering a quiet and peaceful living environment. The town's demographic makeup includes a mix of young families, professionals, and retirees, creating a vibrant and inclusive community. The housing market in Elverta, California, is stable and offers various options for homebuyers. The median home price is affordable compared to neighboring areas, making it an attractive location for first-time buyers and investors. The market has shown steady growth in recent years, with a balanced inventory of single-family homes, townhouses, and apartments. Main attractions in Elverta include scenic parks, hiking trails, and local farmers' markets. Gibson Ranch Park is a popular destination for outdoor enthusiasts, offering horseback riding, fishing, and picnic areas. The town also hosts community events and festivals, showcasing local talent and fostering a sense of community spirit.
Bridge Loans Benefits in Elverta, California
