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Navigating the process of buying a new home in Litchfield, 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 Litchfield, CA or getting it ready for the market.
Identify the new home you want to buy in Litchfield, 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 Litchfield, 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 Litchfield, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Litchfield, 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 Litchfield, 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 Litchfield, 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 Litchfield, 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 Litchfield, 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 offer a valuable solution for residents in Litchfield, California, by providing short-term financing to bridge the gap between the purchase of a new home and the sale of an existing one. These loans can help ease the financial burden of owning two properties simultaneously and offer more flexibility during the transition period. Litchfield is a charming town located in Lassen County, California, with a population of approximately 300 residents. The town boasts a close-knit community, beautiful natural landscapes, and a tranquil atmosphere, making it an ideal place for those seeking a peaceful and serene lifestyle. The housing market in Litchfield, California, is diverse, offering a mix of single-family homes, ranch-style properties, and spacious plots of land. With the help of bridge loans, residents can take advantage of the competitive real estate market and secure their dream home without the stress of timing constraints. Some of the main attractions in Litchfield include the nearby Honey Lake, a popular spot for fishing and boating enthusiasts, as well as the Lassen Volcanic National Park, which offers a range of outdoor activities such as hiking, camping, and wildlife watching.
Benefits of Bridge Loans in Litchfield, California
