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Navigating the process of buying a new home in Glen Ellen, 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 Glen Ellen, CA or getting it ready for the market.
Identify the new home you want to buy in Glen Ellen, 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 Glen Ellen, 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 Glen Ellen, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glen Ellen, 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 Glen Ellen, 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 Glen Ellen, 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 Glen Ellen, 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 Glen Ellen, 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 Glen Ellen provide a crucial financial lifeline for individuals looking to purchase a new home before selling their existing one. These short-term loans offer flexibility and speed, allowing borrowers to secure funds quickly and bridge the financial gap between properties. Demographically, Glen Ellen, California is known for its small-town charm and picturesque surroundings. With a population of just over 800 residents, it offers a peaceful retreat from the hustle and bustle of city life. The community is diverse, with a mix of young professionals, families, and retirees. The housing market in Glen Ellen is competitive yet diverse, offering a range of properties from historic estates to modern homes. Bridge loans play a crucial role in this market by enabling buyers to act swiftly on desirable properties without the constraints of traditional financing. Glen Ellen is famed for its wineries, including the iconic Benziger Family Winery and the historic Jack London's Beauty Ranch. Nature enthusiasts can explore the Jack London State Historic Park or enjoy outdoor activities in the stunning Sonoma Valley. The town also boasts gourmet restaurants and quaint shops for visitors to enjoy.
Benefits of Bridge Loans in Glen Ellen, California
