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Navigating the process of buying a new home in Ferndale, 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 Ferndale, CA or getting it ready for the market.
Identify the new home you want to buy in Ferndale, 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 Ferndale, 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 Ferndale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ferndale, 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 Ferndale, 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 Ferndale, 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 Ferndale, 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 Ferndale, 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 Ferndale, California offer a convenient financing solution for homebuyers, allowing them to secure funds to purchase a new home before selling their current one. This flexibility can prevent them from missing out on their dream home while waiting for their existing property to sell. Demographically, Ferndale is a quaint town in Humboldt County, known for its Victorian architecture and rich history. The population consists of a mix of families, retirees, and young professionals, creating a vibrant community atmosphere. The housing market in Ferndale is diverse, with a range of historic homes, modern properties, and scenic rural estates. Bridge loans can help buyers navigate this competitive market and offer them a competitive edge in securing their desired property. Some of the main attractions in Ferndale include the Victorian Village, a preserved historic district with charming shops and cafes, as well as the Ferndale Repertory Theatre and the annual Ferndale Concours on Main car show.
Bridge Loans in Ferndale, California
