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Navigating the process of buying a new home in Goleta, 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 Goleta, CA or getting it ready for the market.
Identify the new home you want to buy in Goleta, 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 Goleta, 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 Goleta, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Goleta, 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 Goleta, 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 Goleta, 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 Goleta, 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 Goleta, 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 Benefits: Bridge loans provide financial flexibility to homebuyers. They allow buyers to make a down payment on a new home before selling their current one, avoiding the need for a contingency sale. Demographics: Goleta, California, is a vibrant community with a population of approximately 30,000 residents. The median age is 37 years old, and the median household income is $78,000. Housing Market: The housing market in Goleta is competitive, with a median home price of $900,000. Bridge loans help buyers secure their dream home in this desirable area without the stress of timing the sale of their current property. Main Attractions: Goleta offers beautiful beaches, such as Goleta Beach Park and Campus Point Beach, perfect for outdoor activities. The area also boasts the popular South Coast Plaza shopping center and scenic hiking trails in the nearby Santa Ynez Mountains.
Benefits of Bridge Loans in Goleta, California
