Get Approved at The Lowest Rate
Navigating the process of buying a new home in Farmington, 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 Farmington, CA or getting it ready for the market.
Identify the new home you want to buy in Farmington, 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 Farmington, 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 Farmington, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Farmington, 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 Farmington, 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 Farmington, 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 Farmington, 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 Farmington, 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 offer quick financing solutions for homeowners looking to purchase a new home before selling their existing one, helping avoid a gap in funding during the transition. Demographics: Farmington, California, has a diverse population with a mix of families, professionals, and retirees. The community values its rural charm and close-knit neighborhood feel. Housing Market: The housing market in Farmington is competitive with a mix of single-family homes and ranch properties. Prices vary depending on location and size, but the market is generally stable. Main Attractions: Farmington boasts scenic vineyards, local farmers markets, and outdoor recreational activities like hiking and fishing. The town's historic downtown area offers shops and restaurants for residents and visitors to enjoy.
Bridge Loans in Farmington, California
