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Navigating the process of buying a new home in Lake City, 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 Lake City, CA or getting it ready for the market.
Identify the new home you want to buy in Lake City, 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 Lake City, 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 Lake City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lake City, 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 Lake City, 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 Lake City, 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 Lake City, 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 Lake City, 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 Lake City, California offer the advantage of providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This allows homeowners to secure their new home without being contingent on selling their current one, providing flexibility and convenience in the real estate market. Demographically, Lake City, California boasts a diverse population with a mix of young professionals, families, and retirees. The area is known for its picturesque views, recreational activities, and strong sense of community. With a growing economy and various job opportunities, Lake City attracts individuals from all walks of life. In terms of the housing market, Lake City is experiencing a steady increase in property values, making it an attractive investment opportunity. The demand for housing in the area remains high, with a range of housing options available to suit different needs and preferences. With the help of bridge loans, prospective buyers can take advantage of the thriving market to secure their dream home. Main attractions in Lake City include the beautiful Lake City Park, known for its serene lake views and recreational facilities. Additionally, the town hosts a variety of local events and festivals throughout the year, showcasing its vibrant culture and community spirit. Residents and visitors alike can enjoy outdoor activities, dining experiences, and cultural attractions in this charming Californian town.
Benefits of Bridge Loans in Lake City, California
