Get Approved at The Lowest Rate
Navigating the process of buying a new home in Little Lake, 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 Little Lake, CA or getting it ready for the market.
Identify the new home you want to buy in Little Lake, 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 Little Lake, 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 Little Lake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Little Lake, 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 Little Lake, 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 Little Lake, 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 Little Lake, 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 Little Lake, 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 Little Lake offer several advantages to borrowers. They provide quick access to funds, allowing individuals to bridge the gap between the purchase of a new home before selling their existing one. This can help in securing the new property without having to wait for the current one to sell, avoiding potential missed opportunities in a competitive market. Demographically, Little Lake, California, is a small town characterized by a close-knit community. With a population of around 2,500 residents, it offers a peaceful and welcoming environment, ideal for families and individuals looking for a serene place to call home. In terms of the housing market, Little Lake is experiencing steady growth. The real estate market offers a mix of affordable and mid-range housing options, making it attractive to first-time buyers and investors alike. Bridge loans can provide the necessary financial support to take advantage of these opportunities. Little Lake boasts several main attractions, including its picturesque natural surroundings. Residents and visitors can enjoy outdoor activities such as hiking in the nearby mountains, exploring the local parks, and relaxing by the beautiful lakes. The town also has charming cafes, shops, and cultural events that add to its vibrant community life.
Benefits of Bridge Loans in Little Lake, California
