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Navigating the process of buying a new home in Los Banos, 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 Los Banos, CA or getting it ready for the market.
Identify the new home you want to buy in Los Banos, 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 Los Banos, 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 Los Banos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Los Banos, 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 Los Banos, 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 Los Banos, 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 Los Banos, 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 Los Banos, 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 Los Banos, California offer a lifeline to homeowners allowing them to bridge the gap between selling their current home and purchasing a new one. They provide flexibility and quick access to funds, enabling buyers to make competitive offers without waiting for their current property to sell. Los Banos, California, is a diverse community with a population of approximately 41,000 residents. The city boasts a rich cultural heritage, with a significant Hispanic influence. The median household income is around $57,000, and the housing market is diverse, catering to various income levels. The housing market in Los Banos offers a mix of affordable and upscale homes, making it attractive to a wide range of buyers. The median home price is around $360,000, making it an affordable option compared to neighboring areas. Bridge loans provide an opportunity for buyers to secure their dream home without the pressure of selling their current property quickly. Los Banos features several main attractions, including the San Luis Reservoir State Recreation Area, offering outdoor activities like fishing and boating. The nearby Pinnacles National Park is a haven for hikers and nature enthusiasts, showcasing stunning rock formations and diverse wildlife.
Benefits of Bridge Loans in Los Banos, California
