Get Approved at The Lowest Rate
Navigating the process of buying a new home in Hanford, 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 Hanford, CA or getting it ready for the market.
Identify the new home you want to buy in Hanford, 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 Hanford, 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 Hanford, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hanford, 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 Hanford, 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 Hanford, 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 Hanford, 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 Hanford, 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 Hanford, California offer numerous benefits to homebuyers and sellers. They provide a short-term financing solution that allows buyers to purchase a new home before selling their current one. This can be especially advantageous in competitive real estate markets or when homeowners need to move quickly. Demographically, Hanford is a diverse city with a population of around 55,000 residents. The median age is 33.5 years, and the median household income is $61,537. The city has a mix of urban and suburban neighborhoods, offering residents a variety of living options. The housing market in Hanford is stable with a median home value of $259,000. The market is experiencing steady appreciation, making it an attractive option for both buyers and sellers. Bridge loans can help facilitate transactions in this market by providing the necessary funds to bridge the gap between buying and selling. Main attractions in Hanford include the historic downtown area, featuring charming shops and local eateries. The city is also known for its annual Renaissance Faire and the Hanford Fox Theatre, which hosts a variety of live performances and events throughout the year.
Benefits of Bridge Loans in Hanford, California
