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Navigating the process of buying a new home in Lamont, 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 Lamont, CA or getting it ready for the market.
Identify the new home you want to buy in Lamont, 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 Lamont, 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 Lamont, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lamont, 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 Lamont, 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 Lamont, 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 Lamont, 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 Lamont, 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 Lamont, California offer homeowners the advantage of quick access to funds to purchase a new home before selling their existing one. This can be especially beneficial in competitive real estate markets, allowing them to make strong offers without contingencies. Lamont is a diverse community in Kern County with a population that consists of primarily Hispanic residents. It has a suburban feel, and the majority of residents own their homes. The town is known for its agricultural roots and close-knit community. The housing market in Lamont is active, with a mix of single-family homes and agricultural properties. The median home price is relatively affordable compared to nearby cities, making it an attractive option for first-time homebuyers and families looking to settle down in a peaceful location. Main attractions in Lamont include the Lamont Park, offering recreational facilities for residents, and the local farmers' market where visitors can purchase fresh produce and goods. Additionally, the town is close to outdoor attractions such as hiking trails and parks.
Benefits of Bridge Loans in Lamont, California
