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Navigating the process of buying a new home in Kings 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 Kings Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Kings 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 Kings 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 Kings Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kings 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 Kings 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 Kings 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 Kings 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 Kings 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 Kings Beach, California offer a convenient and flexible financing option for homebuyers. They provide quick access to funds, allowing buyers to bridge the gap between the purchase of a new home and the sale of their existing property. Demographics in Kings Beach show a diverse community with a mix of families, retirees, and young professionals. The town has a population of around 3,790 people, with a median age of 38 years old. The median household income is $54,375. The housing market in Kings Beach is dynamic, with a mix of single-family homes, condos, and vacation rentals. The median home value is $470,000, and the market is competitive. Bridge loans can help buyers navigate this market by providing the necessary funds to secure a property quickly. Kings Beach boasts a range of attractions, including its beautiful sandy beach on the shores of Lake Tahoe, perfect for swimming and sunbathing. Outdoor enthusiasts will enjoy the nearby hiking trails, ski resorts, and water sports activities. The town also offers a variety of shops, restaurants, and entertainment options.
Benefits of Bridge Loans in Kings Beach, California
