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Navigating the process of buying a new home in Georgetown, 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 Georgetown, CA or getting it ready for the market.
Identify the new home you want to buy in Georgetown, 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 Georgetown, 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 Georgetown, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, 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 Georgetown, 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 provide short-term financing options for homeowners looking to purchase a new home before selling their current one. In a competitive real estate market like Georgetown, California, bridge loans offer the advantage of quick access to funds, allowing buyers to act fast on their dream homes. Demographics: Georgetown, California, is a picturesque town with a population of approximately 2,000 residents. The community is known for its friendly small-town atmosphere, making it an ideal place for families and retirees alike. Housing Market: Georgetown's housing market is characterized by a mix of historic homes and new developments. With the help of bridge loans, buyers can tap into this diverse market, securing their desired properties without the constraints of traditional financing. Main Attractions: Georgetown boasts scenic natural beauty, including nearby parks, hiking trails, and recreational opportunities. The town's charming downtown area features boutique shops, local eateries, and cultural events, making it a desirable place to live and explore.
Benefits of Bridge Loans in Georgetown, California
