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Navigating the process of buying a new home in Frazier Park, 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 Frazier Park, CA or getting it ready for the market.
Identify the new home you want to buy in Frazier Park, 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 Frazier Park, 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 Frazier Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Frazier Park, 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 Frazier Park, 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 Frazier Park, 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 Frazier Park, 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 Frazier Park, 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 offer a quick and flexible financing solution for homebuyers in Frazier Park, California. The primary benefit is the ability to purchase a new home before selling the existing one, preventing the need for temporary housing. This can save time and money, streamlining the transition process. Frazier Park, California, is a picturesque mountain community located in Kern County. With a population of around 2,000 residents, the area offers a small-town feel with access to natural beauty and outdoor activities. The median age in Frazier Park is 39 years old, and the median household income is $56,667. The housing market in Frazier Park is diverse, with a mix of cozy cabins, spacious family homes, and luxurious estates. As of 2021, the median home value in Frazier Park is $281,388, showing a steady increase in recent years. Bridge loans can help buyers take advantage of these market conditions and secure their dream home. Some of the main attractions in Frazier Park include the Los Padres National Forest, Hungry Valley State Vehicular Recreation Area, and Mount Pinos. These natural wonders offer residents and visitors opportunities for hiking, camping, and enjoying the stunning landscapes of the region.
Benefits of Bridge Loans in Frazier Park, California
