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Navigating the process of buying a new home in Lower Lake, 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 Lower Lake, CA or getting it ready for the market.
Identify the new home you want to buy in Lower Lake, 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 Lower Lake, 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 Lower Lake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lower Lake, 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 Lower Lake, 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 Lower Lake, 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 Lower Lake, 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 Lower Lake, 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 Lower Lake, California offer immediate financial support for individuals looking to purchase a new home before selling their current property. This type of loan provides flexibility and removes the stress of timing the sale of one property with the purchase of another. Demographically, Lower Lake is a diverse community with a population that values outdoor activities and a peaceful lifestyle. The area is home to a mix of families, retirees, and professionals, creating a welcoming and inclusive atmosphere. The housing market in Lower Lake is competitive yet affordable compared to other parts of California. The availability of bridge loans has made it easier for residents to secure their dream homes without the constraint of waiting for their existing property to sell. Some main attractions in Lower Lake include the scenic Clear Lake for boating and fishing enthusiasts, historic downtown areas with unique shops and restaurants, and nearby vineyards offering wine tasting experiences for residents and visitors alike.
Benefits of Bridge Loans in Lower Lake, California
