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Navigating the process of buying a new home in Foresthill, 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 Foresthill, CA or getting it ready for the market.
Identify the new home you want to buy in Foresthill, 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 Foresthill, 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 Foresthill, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Foresthill, 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 Foresthill, 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 Foresthill, 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 Foresthill, 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 Foresthill, 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 Foresthill, California offer numerous benefits for homebuyers. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to secure their dream home without being tied down by contingencies. Foresthill, California, a charming town located in Placer County, boasts a population that is predominantly middle-aged with a mix of families and retirees. The community is known for its tight-knit feel and strong emphasis on outdoor activities, making it an ideal place for nature enthusiasts and those looking for a peaceful lifestyle. The housing market in Foresthill, California, offers a variety of options ranging from cozy cabins to modern single-family homes. With the town's proximity to scenic trails and rivers, properties with breathtaking views are highly sought after. The market has seen steady growth in recent years, making it an attractive investment opportunity. Some of the main attractions in Foresthill include the Foresthill Bridge, one of the highest bridges in California, offering stunning views of the American River below. Outdoor enthusiasts can enjoy the nearby Sugar Pine Reservoir for boating and fishing, while hikers can explore the countless trails in the Tahoe National Forest.
Benefits of Bridge Loans in Foresthill, California
