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Navigating the process of buying a new home in Fortuna, 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 Fortuna, CA or getting it ready for the market.
Identify the new home you want to buy in Fortuna, 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 Fortuna, 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 Fortuna, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fortuna, 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 Fortuna, 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 Fortuna, 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 Fortuna, 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 Fortuna, 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 Fortuna, California offer a convenient financing solution for those looking to purchase a new property before selling their current one. This type of loan provides immediate funds to bridge the gap between buying and selling, avoiding the stress of timing issues. Fortuna, California, located in Humboldt County, has a population of around 12,000 residents. The town boasts a diverse community with a mix of families, young professionals, and retirees. The median household income is above the national average, making it an attractive area for real estate investments. The housing market in Fortuna is thriving, with a range of options available from historic Victorian homes to modern developments. The average home value is steadily increasing, making it a profitable market for both buyers and sellers. Bridge loans can help buyers secure their dream home in this competitive market. Fortuna is known for its natural beauty, including the nearby redwood forests and the scenic Eel River. The town offers a variety of outdoor activities such as hiking, fishing, and kayaking. Additionally, local attractions like the Victorian Village of Ferndale and the Avenue of the Giants make Fortuna a charming place to live.
The Benefits of Bridge Loans in Fortuna, California
