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Navigating the process of buying a new home in Lathrop, 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 Lathrop, CA or getting it ready for the market.
Identify the new home you want to buy in Lathrop, 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 Lathrop, 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 Lathrop, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lathrop, 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 Lathrop, 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 Lathrop, 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 Lathrop, 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 Lathrop, 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!
Benefits: Bridge loans offer quick financing solutions for buying a new home before the current one sells. In Lathrop, they are ideal for bridging the gap between transactions, providing flexibility and ensuring a smoother transition without missing out on the perfect property. Demographics: Lathrop, California, has a diverse population with a mix of families, young professionals, and retirees. The city's growth is fueled by its strategic location, offering a balance between urban amenities and suburban living. Housing Market: Lathrop's housing market is competitive, with a mix of single-family homes and new developments. Bridge loans can give buyers an edge by offering more buying power and the ability to act quickly in a fast-moving market. Main Attractions: Lathrop boasts attractions like the scenic Lathrop Gateway Park, the historic Mossdale Crossing Park, and proximity to the San Joaquin River for outdoor enthusiasts. Residents also enjoy shopping and dining at the Lathrop Village Shopping Center.
Benefits of Bridge Loans in Lathrop, California
