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Navigating the process of buying a new home in Fair Oaks, 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 Fair Oaks, CA or getting it ready for the market.
Identify the new home you want to buy in Fair Oaks, 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 Fair Oaks, 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 Fair Oaks, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fair Oaks, 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 Fair Oaks, 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 Fair Oaks, 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 Fair Oaks, 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 Fair Oaks, 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 Fair Oaks, California offer a flexible financing option for homebuyers. These short-term loans provide the funds needed to bridge the gap between the purchase of a new home and the sale of the existing one. This allows buyers to move quickly, secure their new property, and avoid the stress of timing the sale of their current home. Demographics in Fair Oaks, CA show a vibrant community with a population that values outdoor activities and a peaceful lifestyle. The area is predominantly residential, with a mix of families, professionals, and retirees. The town's proximity to Sacramento makes it an attractive location for those seeking a balance between city amenities and suburban tranquility. The housing market in Fair Oaks is competitive yet stable, offering a mix of traditional single-family homes and newer developments. Bridge loans can give buyers a competitive edge in this market by providing the financial leverage needed to secure a property quickly. Additionally, the area's strong property appreciation history makes it a smart investment for homebuyers. Main attractions in Fair Oaks include the charming Fair Oaks Village, known for its local shops and restaurants. The American River Parkway offers residents opportunities for outdoor recreation, including biking, hiking, and kayaking. With its close-knit community and access to natural beauty, Fair Oaks is a desirable place to call home.
Benefits of Bridge Loans in Fair Oaks, California
