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Navigating the process of buying a new home in Fillmore, 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 Fillmore, CA or getting it ready for the market.
Identify the new home you want to buy in Fillmore, 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 Fillmore, 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 Fillmore, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fillmore, 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 Fillmore, 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 Fillmore, 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 Fillmore, 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 Fillmore, 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 Fillmore offer a convenient financial solution for homeowners who are looking to purchase a new property before selling their current one. This type of loan provides immediate funds to cover the down payment or closing costs, bridging the gap between the sale of the old property and the purchase of the new one. Demographically, Fillmore, California, is a diverse community with a population of approximately 15,002 residents. The city boasts a mix of cultural backgrounds, with a strong sense of community and pride among its residents. The median household income in Fillmore is $60,982, and the median property value is $389,800. The housing market in Fillmore is competitive yet stable, making it an attractive location for homebuyers. The average home price has been steadily increasing in recent years, reflecting the city's desirability. Bridge loans can provide a competitive advantage to buyers in this market, allowing them to secure a new property quickly. Fillmore is known for its charming small-town feel and rich history. The city is home to attractions such as the Fillmore & Western Railway, offering scenic train rides through the Heritage Valley. Residents and visitors can also enjoy the vibrant downtown area filled with shops, restaurants, and community events.
Benefits of Bridge Loans in Fillmore, California
