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Navigating the process of buying a new home in Grenada, 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 Grenada, CA or getting it ready for the market.
Identify the new home you want to buy in Grenada, 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 Grenada, 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 Grenada, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grenada, 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 Grenada, 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 Grenada, 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 Grenada, 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 Grenada, 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 Grenada, California offer a lifeline to homebuyers by providing the financial flexibility to purchase a new home before selling their current one. This can prevent missed opportunities and reduce the stress of simultaneous transactions. Demographics in Grenada, California show a diverse community with a mix of professionals, families, and retirees. The area boasts a moderate climate, making it attractive to a wide range of residents looking for a peaceful and scenic place to live. The housing market in Grenada, California is stable with moderate appreciation rates, making it an ideal location for investment. With a variety of housing options available, from charming single-family homes to modern condos, there is something for every budget and lifestyle. Main attractions in Grenada, California include the stunning natural beauty of the nearby Siskiyou Mountains, offering plenty of outdoor activities such as hiking, fishing, and camping. The town also has a vibrant arts and culture scene, with galleries, live music venues, and local artisan shops to explore.
The Benefits of Bridge Loans in Grenada, California