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Navigating the process of buying a new home in Herald, 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 Herald, CA or getting it ready for the market.
Identify the new home you want to buy in Herald, 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 Herald, 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 Herald, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Herald, 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 Herald, 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 Herald, 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 Herald, 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 Herald, 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 offer a convenient financing option for homeowners in Herald, California, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. This flexibility ensures a smoother transition without the pressure to sell quickly at a lower price. The demographics of Herald include a diverse mix of residents, with a strong sense of community and a median household income above the national average. This attractive environment makes it an ideal location for families and individuals looking for a peaceful yet vibrant place to call home. In terms of the housing market, Herald presents a range of opportunities for buyers and sellers. With steady appreciation rates and a balanced supply of housing inventory, the market offers stability and growth potential, making it a favorable investment option for those considering bridge loans. Some main attractions in Herald include the beautiful Herald Park, a serene oasis for outdoor activities and gatherings. Additionally, the region boasts renowned wineries and vineyards, providing residents with a taste of the local culture and a perfect setting for socializing and relaxation.
Benefits of Bridge Loans in Herald, California
