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Navigating the process of buying a new home in Lone Pine, 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 Lone Pine, CA or getting it ready for the market.
Identify the new home you want to buy in Lone Pine, 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 Lone Pine, 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 Lone Pine, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lone Pine, 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 Lone Pine, 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 Lone Pine, 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 Lone Pine, 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 Lone Pine, 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 Lone Pine, California offer a convenient financial solution for homeowners looking to purchase a new property before selling their current one. These short-term loans provide quick access to funds, often with lower credit score requirements, enabling seamless transitions between homes. Lone Pine, California, is a charming small town with a population of approximately 2,000 residents. The demographics skew towards an older population, with a median age of 49 years. The town boasts a tight-knit community feel, making it an attractive place to raise a family or retire. The housing market in Lone Pine offers diverse opportunities for buyers and sellers. With a median home price of $225,000, the market is relatively affordable compared to nearby cities. Bridge loans play a significant role in facilitating transactions in this market, providing flexibility and ease of access to funds for homebuyers. Among the main attractions in Lone Pine is the stunning Lone Pine Peak and Mount Whitney, the highest peak in the contiguous United States. Outdoor enthusiasts flock to the area for hiking, rock climbing, and camping. Additionally, the Alabama Hills offer a unique landscape for photography and exploration, adding to the town's appeal for tourists and residents alike.
Bridge Loans in Lone Pine, California
