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Navigating the process of buying a new home in Lincoln, 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 Lincoln, CA or getting it ready for the market.
Identify the new home you want to buy in Lincoln, 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 Lincoln, 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 Lincoln, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, 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 Lincoln, California offer numerous benefits to homebuyers. These short-term loans provide quick financing, allowing buyers to secure a new home before selling their current one. This eliminates the need for contingent offers, making the buying process smoother and more competitive. The demographics of Lincoln, California, show a growing community with a mix of families and retirees. The city boasts a median household income above the national average, indicating a stable economic environment that supports real estate investment and homeownership. The housing market in Lincoln, California, is thriving with a steady increase in property values. With a diverse range of housing options from single-family homes to luxury estates, the market caters to various buyer preferences, making it an attractive location for both young professionals and families. Lincoln, California, offers a range of attractions, including scenic parks, wineries, and historic downtown areas. Residents can enjoy outdoor activities like hiking and biking along with cultural experiences, such as visiting local art galleries and vineyards, making it a vibrant and desirable place to live.
Benefits of Bridge Loans in Lincoln, California
