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Navigating the process of buying a new home in Grimes, 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 Grimes, CA or getting it ready for the market.
Identify the new home you want to buy in Grimes, 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 Grimes, 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 Grimes, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grimes, 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 Grimes, 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 Grimes, 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 Grimes, 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 Grimes, 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 Grimes, California offer a valuable solution for homeowners looking to purchase a new property before selling their current one. This type of loan provides temporary financing to bridge the gap between the sale of a current home and the purchase of a new one, without the need for a contingency offer. Demographically, Grimes, California is a small rural town with a population of approximately 600 residents. The community is known for its tight-knit feel and friendly atmosphere. Residents of Grimes enjoy a slower pace of life, away from the hustle and bustle of city living, making it an ideal place for those seeking tranquility. Regarding the housing market, Grimes offers a mix of housing options, from charming single-family homes to sprawling ranch properties. The market in Grimes is relatively stable, with moderate appreciation rates over the years. Bridge loans can be particularly beneficial in such a market to facilitate a smooth transition between properties. Main attractions in Grimes include the picturesque Sacramento River, which provides opportunities for fishing and boating. The town is also close to outdoor recreational areas, such as wildlife reserves and parks, making it a haven for nature lovers and outdoor enthusiasts.
Benefits of Bridge Loans in Grimes, California
