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Navigating the process of buying a new home in Klamath, 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 Klamath, CA or getting it ready for the market.
Identify the new home you want to buy in Klamath, 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 Klamath, 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 Klamath, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Klamath, 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 Klamath, 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 Klamath, 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 Klamath, 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 Klamath, 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 valuable financial solution for individuals looking to purchase a new home before selling their existing one. In Klamath, California, these loans provide flexibility by covering the down payment and closing costs, allowing homeowners to secure their new property quickly. Demographically, Klamath is a diverse community with a population of approximately 800 people. The area is known for its natural beauty, surrounded by redwood forests and located near the Pacific Ocean. Residents enjoy a peaceful lifestyle with a strong sense of community. The housing market in Klamath offers a mix of single-family homes, cabins, and vacation properties. With the average home price around $300,000, the market is competitive yet affordable compared to nearby areas. Bridge loans help buyers navigate this market by providing short-term financing options.
Benefits of Bridge Loans in Klamath, California
