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Navigating the process of buying a new home in Grass Valley, 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 Grass Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Grass Valley, 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 Grass Valley, 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 Grass Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grass Valley, 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 Grass Valley, 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 Grass Valley, 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 Grass Valley, 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 Grass Valley, 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!
Benefits of Bridge Loans: Bridge loans provide a quick and convenient way for homebuyers to bridge the gap between the purchase of a new home and the sale of their current one. In Grass Valley, California, these loans offer the advantage of making a timely purchase without being contingent on selling the existing property first. Demographics: Grass Valley, located in Nevada County, has a population of approximately 13,000 residents. The town has a rich history dating back to the Gold Rush era and maintains a tight-knit community feel. Demographically, the town is predominantly Caucasian with a median age of 47 years. Housing Market: Grass Valley's housing market is characterized by a mix of historic Victorian homes and modern developments. The median home value in Grass Valley is around $400,000, with a steady increase in property prices over the past few years. Bridge loans can help buyers secure their dream homes in this competitive market. Main Attractions: Grass Valley boasts a vibrant cultural scene with various art galleries, theaters, and music venues. The town is also known for its annual California WorldFest, a music festival that attracts visitors from far and wide. Additionally, outdoor enthusiasts can enjoy the nearby trails, rivers, and scenic beauty of the Sierra Nevada foothills.
Benefits of Bridge Loans in Grass Valley, California
