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Navigating the process of buying a new home in Grover Beach, 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 Grover Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Grover Beach, 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 Grover Beach, 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 Grover Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grover Beach, 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 Grover Beach, 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 Grover Beach, 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 Grover Beach, 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 Grover Beach, 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 Grover Beach offer a flexible financing solution for homebuyers allowing them to transition smoothly between selling a current home and buying a new one. These loans provide the financial bridge necessary when the sale of an existing property doesn't align with the purchase of a new one, avoiding the need for contingent offers and potentially securing a dream home. Demographics: Grover Beach, California, is a seaside town known for its picturesque beaches and mild climate. The population is diverse, with a mix of families, retirees, and young professionals. The community is close-knit, offering a welcoming and relaxed atmosphere for residents and visitors alike. Housing Market: The housing market in Grover Beach is vibrant, offering a range of properties from charming beach cottages to modern waterfront homes. The market is competitive, with a steady demand for housing due to the town's desirable location and quality of life. Bridge loans provide an advantage to buyers, allowing them to act quickly in a competitive market. Main Attractions: Grover Beach boasts stunning beaches, such as Pismo State Beach and Oceano Dunes, perfect for outdoor activities like surfing, fishing, and picnicking. The town also features a vibrant downtown area with unique shops, restaurants, and entertainment venues, making it a hub of leisure and recreation for residents and tourists.
Benefits of Bridge Loans in Grover Beach, California
