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Navigating the process of buying a new home in Grizzly Flats, 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 Grizzly Flats, CA or getting it ready for the market.
Identify the new home you want to buy in Grizzly Flats, 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 Grizzly Flats, 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 Grizzly Flats, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grizzly Flats, 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 Grizzly Flats, 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 Grizzly Flats, 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 Grizzly Flats, 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 Grizzly Flats, 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!
1. Financial Flexibility: Bridge loans provide borrowers with the ability to access funds quickly, enabling them to make a down payment on a new home before selling their current property. This ensures a smoother transition without having to wait for their existing home to sell. 2. Competitive Advantage: With a bridge loan, buyers in Grizzly Flats can act quickly when they find their dream home, as they have the financial means to make an offer without being contingent on the sale of their existing property. This can give them a competitive edge in a hot housing market. 3. Cost-Effective Solution: Bridge loans offer a short-term financing option, typically lasting 6 to 12 months. This can be a more cost-effective solution compared to other financing options, especially when considering the potential capital gains and appreciation in real estate prices in Grizzly Flats. Demographics: Grizzly Flats, California, is a small rural community located in El Dorado County. The population consists mainly of families and retirees seeking a peaceful lifestyle away from the hustle and bustle of urban areas. Housing Market: The housing market in Grizzly Flats is characterized by a mix of single-family homes, cabins, and vacant land. The median home value is affordable compared to nearby cities, making it an attractive option for first-time homebuyers and those looking for a tranquil mountain retreat. Main Attractions: Grizzly Flats boasts natural beauty with its proximity to the Eldorado National Forest, offering residents and visitors a range of outdoor activities such as hiking, fishing, and camping. Additionally, the area is known for its wineries, providing a unique tasting experience for wine enthusiasts.
Benefits of Bridge Loans in Grizzly Flats, California
