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Navigating the process of buying a new home in Goodyears Bar, 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 Goodyears Bar, CA or getting it ready for the market.
Identify the new home you want to buy in Goodyears Bar, 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 Goodyears Bar, 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 Goodyears Bar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Goodyears Bar, 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 Goodyears Bar, 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 Goodyears Bar, 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 Goodyears Bar, 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 Goodyears Bar, 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 are a valuable financial tool for residents of Goodyears Bar, California, offering immediate access to funds for securing a new property before selling their current one. This can be particularly beneficial in a competitive housing market, allowing buyers to act quickly and with confidence. In terms of demographics, Goodyears Bar is a small community in Sierra County with a population of around 100 residents. The area is known for its picturesque surroundings, making it an attractive location for nature enthusiasts and those seeking a peaceful escape from city life. The housing market in Goodyears Bar is characterized by historic properties, many of which offer stunning views of the surrounding mountains and forests. While the market is relatively stable, the use of bridge loans can help expedite transactions and provide buyers with a competitive edge. Some of the main attractions in the area include the Goodyears Bar Historic Town Site, a designated California Historical Landmark, and the nearby Yuba River, which offers opportunities for fishing, hiking, and other outdoor activities. These attractions contribute to the unique charm and appeal of Goodyears Bar as a place to live and visit.
Benefits of Bridge Loans in Goodyears Bar, California
