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Navigating the process of buying a new home in Lotus, 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 Lotus, CA or getting it ready for the market.
Identify the new home you want to buy in Lotus, 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 Lotus, 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 Lotus, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lotus, 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 Lotus, 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 Lotus, 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 Lotus, 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 Lotus, 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 Lotus, California offer a convenient and flexible financing solution for homeowners looking to bridge the gap between the purchase of a new home and the sale of their current one. These loans provide quick access to funds, allowing you to secure your new property without waiting for your existing home to sell. Demographics: Lotus, California, a small town nestled in the Sierra Nevada foothills, boasts a population of approximately 1,200 residents. The area is known for its picturesque landscapes, outdoor recreational opportunities, and a close-knit community atmosphere. Housing Market: Lotus's housing market is vibrant, with a mix of single-family homes, ranch properties, and picturesque cabins. The median home price is $450,000, making it an attractive option for both first-time buyers and seasoned homeowners. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Lotus is a paradise for outdoor enthusiasts, with access to the American River for kayaking, white-water rafting, and fishing. The nearby El Dorado National Forest offers hiking, camping, and stunning views of the Sierra Nevada mountain range. Additionally, Lotus is home to charming local wineries, farm-to-table restaurants, and artisan shops.
Benefits of Bridge Loans in Lotus, California