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Navigating the process of buying a new home in Escalon, 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 Escalon, CA or getting it ready for the market.
Identify the new home you want to buy in Escalon, 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 Escalon, 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 Escalon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Escalon, 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 Escalon, 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 Escalon, 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 Escalon, 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 Escalon, 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 Escalon, California offer borrowers the flexibility to bridge the gap between buying a new home and selling their current one. This type of financing provides quick access to funds, enabling individuals to make a down payment on a new property without having to wait for their current home to sell. Demographics in Escalon, California show a diverse community with a population of approximately 8,600 residents. The town boasts a strong sense of community and a family-friendly atmosphere, making it an attractive place to call home for families and individuals alike. The housing market in Escalon, California is dynamic, with a mix of single-family homes, townhouses, and apartments available. The market is competitive, offering both buyers and sellers opportunities for growth and investment. Bridge loans can provide the financial support needed to navigate this fast-paced market. Main attractions in Escalon, California include the picturesque Main Street, lined with charming shops and eateries, as well as the scenic Escalon Community Park, offering recreational activities for residents of all ages. The town's close proximity to major cities like Sacramento and San Francisco makes it a desirable location for those seeking a balance between urban amenities and small-town charm.
Benefits of Bridge Loans in Escalon, California
