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Navigating the process of buying a new home in Floriston, 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 Floriston, CA or getting it ready for the market.
Identify the new home you want to buy in Floriston, 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 Floriston, 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 Floriston, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Floriston, 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 Floriston, 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 Floriston, 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 Floriston, 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 Floriston, 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 Floriston, California offer a great solution for homeowners looking to purchase a new home before selling their current one. With a bridge loan, you can access the equity in your existing home to use as a down payment on a new property, providing flexibility and convenience in the buying process. Demographically, Floriston is a small community located in California with a population of around 180 residents. The area is known for its tranquility and scenic beauty, making it an attractive location for those seeking a peaceful lifestyle away from the hustle and bustle of city living. In terms of the housing market, Floriston offers a mix of single-family homes and picturesque estates, with a median home value of $450,000. The market is stable yet competitive, making bridge loans a popular choice among residents looking to make a smooth transition between properties. Some main attractions in Floriston include proximity to the Truckee River, offering opportunities for fishing and water activities. The area also boasts stunning mountain views and is close to popular ski resorts, making it a desirable location for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Floriston, California
