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Navigating the process of buying a new home in Galt, 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 Galt, CA or getting it ready for the market.
Identify the new home you want to buy in Galt, 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 Galt, 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 Galt, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Galt, 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 Galt, 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 Galt, 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 Galt, 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 Galt, 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 Galt, California offer quick access to funds, bridging the gap between the purchase of a new home and the sale of an existing one. This flexibility allows homeowners to make a competitive offer on a new property without the contingency of selling their current one first. Galt, a city in Northern California, has a growing population with diverse demographics. The median age is 33, and the majority of residents are homeowners. The city is known for its family-friendly environment and strong community ties. The housing market in Galt is competitive, with a steady increase in property values over the years. Bridge loans can provide the financial boost needed to secure a property in this thriving market, allowing homeowners to take advantage of investment opportunities and higher returns. Galt boasts various attractions such as the Galt Market, a popular spot for fresh produce and local goods. Outdoor enthusiasts can explore the Cosumnes River Preserve, offering hiking and birdwatching opportunities. Additionally, the city hosts community events like the Winter Bird Festival, attracting visitors from across the region.
Benefits of Bridge Loans in Galt, California
