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Navigating the process of buying a new home in Lincoln Acres, 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 Acres, CA or getting it ready for the market.
Identify the new home you want to buy in Lincoln Acres, 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 Acres, 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 Acres, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lincoln Acres, 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 Acres, 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 Acres, 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 Acres, 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 Acres, 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 Acres offer numerous benefits for homebuyers. These short-term loans provide quick access to funds, allowing buyers to bridge the gap between the purchase of a new home and the sale of their current one. This flexibility can be crucial in competitive real estate markets, giving buyers an advantage when making offers on new properties. Demographically, Lincoln Acres is a diverse and vibrant community located in California. With a mix of cultures and backgrounds, residents enjoy a rich tapestry of experiences. The area is known for its strong sense of community and pride, making it an attractive place to live for families and individuals alike. The housing market in Lincoln Acres is dynamic and competitive. With a range of property types available, from single-family homes to luxury estates, there is something for every buyer. The market is characterized by steady demand and rising property values, making it a sound investment for those looking to buy or sell in the area. Some main attractions in Lincoln Acres include beautiful parks, scenic views, and a bustling downtown area. Residents can enjoy outdoor activities like hiking and biking, as well as access to shopping, dining, and entertainment options. The community prides itself on its local businesses and welcoming atmosphere, making it a great place to call home.
The Benefits of Bridge Loans in Lincoln Acres, California
