Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fresno, 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 Fresno, CA or getting it ready for the market.
Identify the new home you want to buy in Fresno, 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 Fresno, 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 Fresno, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fresno, 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 Fresno, 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 Fresno, 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 Fresno, 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 Fresno, 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 Fresno, California offer a flexible financing option for individuals looking to buy a new property before selling their existing one. These loans provide fast access to funds, allowing buyers to secure a new home quickly without being contingent on the sale of their current property. Demographically, Fresno, California, is a diverse city with a population of over 500,000 residents. The city boasts a rich cultural mix, with a significant Hispanic and Asian population. The median age in Fresno is around 30 years old, making it a vibrant and youthful community. In terms of the housing market, Fresno offers a range of affordable housing options compared to other California cities. The median home price is below the state average, making it an attractive location for first-time homebuyers or individuals looking to upgrade to a larger property. Main attractions in Fresno include the Forestiere Underground Gardens, an intricate network of underground tunnels and courtyards built by a Sicilian immigrant, and the Fresno Chaffee Zoo, home to over 190 species of animals. Additionally, residents and visitors can enjoy the cultural offerings at the Fresno Art Museum and the vibrant food scene in the Tower District.
Benefits of Bridge Loans in Fresno, California
