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Navigating the process of buying a new home in Groveland, 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 Groveland, CA or getting it ready for the market.
Identify the new home you want to buy in Groveland, 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 Groveland, 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 Groveland, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Groveland, 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 Groveland, 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 Groveland, 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 Groveland, 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 Groveland, 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 Groveland, California offer several benefits to homebuyers. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of an existing one. They allow buyers to make a competitive offer on a new property without being contingent on selling their current home, thus speeding up the buying process. Groveland, California, is a picturesque town located in Tuolumne County. The town has a population of approximately 3,000 residents and offers a charming small-town atmosphere. With an abundance of outdoor recreational opportunities, including access to Yosemite National Park, Groveland attracts nature lovers and outdoor enthusiasts. The housing market in Groveland is diverse, offering a range of properties from cozy cabins to luxury estates. The median home price in Groveland is affordable compared to nearby cities, making it an attractive option for those looking to invest in real estate. The market is stable, with a mix of historic and newer homes, providing options for various preferences. Some of the main attractions in Groveland include the historic Iron Door Saloon, the oldest continuously operating saloon in California, and Pine Mountain Lake, a popular recreational area offering boating, fishing, and golfing. The town’s proximity to Yosemite National Park also makes it a sought-after destination for tourists and outdoor adventurers.
Benefits of Bridge Loans in Groveland, California
