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Navigating the process of buying a new home in Hood, 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 Hood, CA or getting it ready for the market.
Identify the new home you want to buy in Hood, 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 Hood, 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 Hood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hood, 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 Hood, 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 Hood, 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 Hood, 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 Hood, 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!
A bridge loan can provide homeowners in Hood, California with the flexibility and financial assistance they need when purchasing a new home before selling their current one. This type of loan bridges the gap between the purchase of a new property and the sale of the existing one, enabling seamless transitions without the stress of timing issues. Hood, California, located in the Sacramento region, boasts a diverse demographic mix including young professionals, families, and retirees. With a growing population and a strong sense of community, Hood offers a welcoming environment for individuals and families looking to settle down in a peaceful yet vibrant neighborhood. The housing market in Hood, California, is characterized by a mix of historic homes and modern developments, providing a range of options for homebuyers. The real estate market is stable, with steady appreciation rates and a variety of housing styles to choose from, making it an attractive location for both first-time buyers and investors.
The Benefits of Bridge Loans in Hood, California
