Get Approved at The Lowest Rate
Navigating the process of buying a new home in Eureka, 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 Eureka, CA or getting it ready for the market.
Identify the new home you want to buy in Eureka, 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 Eureka, 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 Eureka, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Eureka, 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 Eureka, 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 Eureka, 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 Eureka, 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 Eureka, 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!
Benefits of Bridge Loans: Bridge loans in Eureka, California provide short-term financing options that help individuals or businesses bridge the gap between the purchase of a new property and the sale of an existing one. These loans offer quick approval, flexibility in repayment terms, and can be key in seizing investment opportunities. Demographics: Eureka, California, has a population of approximately 27,000 residents. The city is known for its diverse community, with a mix of professionals, artists, and families. The median household income is around $41,000, and the housing market caters to various income levels. Housing Market: Eureka's housing market offers a range of options from historic Victorian homes to modern condos. The median home value is $306,000, making it an attractive location for first-time buyers and investors. Bridge loans can help buyers secure properties in competitive markets and benefit from potential appreciation. Main Attractions: Eureka is home to the stunning Redwood National and State Parks, offering residents and visitors access to unparalleled natural beauty. The city also boasts a vibrant arts scene, historic Old Town district, and a variety of local shops and restaurants that showcase the community's unique charm.
Bridge Loans in Eureka, California
