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Navigating the process of buying a new home in Kerman, 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 Kerman, CA or getting it ready for the market.
Identify the new home you want to buy in Kerman, 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 Kerman, 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 Kerman, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kerman, 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 Kerman, 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 Kerman, 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 Kerman, 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 Kerman, 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!
In Kerman, California, bridge loans offer a valuable financing option for individuals looking to purchase a new home before selling their current one. These loans provide short-term funding to bridge the gap between the purchase of a new property and the sale of the existing one. Kerman, with a population of around 15,000, boasts a diverse community with a mix of cultures and backgrounds. The city has a growing economy supported by industries such as agriculture, healthcare, and education, creating a vibrant and dynamic atmosphere for residents. The housing market in Kerman is desirable with a range of options available, from cozy single-family homes to spacious estates. Bridge loans can help homebuyers navigate this competitive market by providing the flexibility and speed needed to secure a new property quickly, enhancing their chances of success. Some main attractions in Kerman include the Kerman City Plaza Park, a popular spot for families and outdoor enthusiasts, as well as the Kerman Historical Society Museum, which offers insight into the city's rich history and culture. Additionally, the nearby San Joaquin River provides opportunities for fishing and outdoor recreation.
Bridge Loans Benefits in Kerman, California
