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Navigating the process of buying a new home in Loomis, 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 Loomis, CA or getting it ready for the market.
Identify the new home you want to buy in Loomis, 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 Loomis, 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 Loomis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loomis, 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 Loomis, 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 Loomis, 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 Loomis, 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 Loomis, 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 Loomis, California provide a convenient and flexible financing option for homebuyers. These short-term loans help bridge the gap between buying a new home and selling an existing one, enabling a smoother transition without the stress of timing constraints. Demographics in Loomis, California reflect a vibrant community with a population that embraces a mix of rural charm and urban amenities. The town attracts families and professionals seeking a peaceful yet well-connected environment, with a median household income above the national average. The housing market in Loomis, California is characterized by a diverse range of properties, from historic homes to modern estates. The market offers a blend of opportunities for buyers and investors, with steady appreciation rates and a strong demand for housing, making it an attractive location for real estate investments. Notable attractions in Loomis, California include the historic High Hand Nursery, known for its stunning gardens and unique shopping experience. The town also boasts local vineyards, such as Casque Wines, offering wine tasting and scenic views, making it a perfect destination for leisure and relaxation.
Benefits of Bridge Loans in Loomis, California
