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Navigating the process of buying a new home in Lodi, 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 Lodi, CA or getting it ready for the market.
Identify the new home you want to buy in Lodi, 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 Lodi, 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 Lodi, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lodi, 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 Lodi, 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 Lodi, 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 Lodi, 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 Lodi, 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 Lodi, California offer a flexible financing solution for individuals looking to purchase a new home before selling their existing property. This type of loan provides the necessary funds to bridge the gap between the purchase of a new home and the sale of the current one, ensuring a smooth transition without the need to wait for a buyer. Lodi, California, a vibrant city in San Joaquin County, boasts a diverse population with a mix of urban and rural characteristics. The city is known for its rich agricultural heritage, particularly in wine production, making it a popular destination for wine enthusiasts and tourists looking to explore numerous vineyards and wineries in the area. The housing market in Lodi, California, is thriving, offering a range of residential options from historic homes in charming neighborhoods to modern developments. With a steady demand for housing due to the city's economic growth and attractive lifestyle, property values have been steadily increasing, making it a favorable environment for real estate investment and homeownership. Some of the main attractions in Lodi, California, include the iconic Lodi Lake Park, renowned for its picturesque surroundings and recreational activities such as boating and hiking. Additionally, the city is home to the World of Wonders Science Museum, offering interactive exhibits for visitors of all ages to enjoy learning about science and technology.
Benefits of Bridge Loans in Lodi, California
