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Navigating the process of buying a new home in Folsom, 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 Folsom, CA or getting it ready for the market.
Identify the new home you want to buy in Folsom, 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 Folsom, 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 Folsom, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Folsom, 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 Folsom, 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 Folsom, 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 Folsom, 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 Folsom, 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 Folsom provide homeowners with flexibility when transitioning between properties. These loans allow you to access funds quickly for a down payment on a new home before selling your current one, avoiding the stress of timing the purchase and sale of properties. Demographically, Folsom is a thriving city with a population that has grown steadily over the years. The city boasts a mix of young families, professionals, and retirees, creating a diverse and vibrant community. The housing market in Folsom is competitive yet offers a range of options for buyers. With a mix of modern developments and historical homes, the market caters to various preferences and budgets, making it an attractive location for both first-time buyers and seasoned investors. Some of the main attractions in Folsom include the iconic Folsom Prison, Folsom Lake for outdoor enthusiasts, and the historic district with charming shops and restaurants. The city's rich history and natural beauty make it a desirable place to live and visit.
Benefits of Bridge Loans in Folsom, California
