Get Approved at The Lowest Rate
Navigating the process of buying a new home in Loyalton, 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 Loyalton, CA or getting it ready for the market.
Identify the new home you want to buy in Loyalton, 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 Loyalton, 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 Loyalton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loyalton, 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 Loyalton, 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 Loyalton, 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 Loyalton, 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 Loyalton, 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 Loyalton, California offer numerous benefits to both homebuyers and investors. These short-term loans provide quick financing solutions for those looking to purchase a new home before selling their existing one. They can help bridge the financial gap and prevent missed opportunities in the competitive real estate market. Loyalton, California, a small town with a population of approximately 728 residents, is known for its scenic beauty and peaceful community. The town boasts a diverse demographic mix, with a median age of 46 years. The majority of the population owns their homes, creating a stable and tight-knit neighborhood atmosphere. The housing market in Loyalton offers a mix of charming historic homes and modern properties. The average home price is around $250,000, making it an attractive location for first-time buyers and investors alike. With the help of bridge loans, buyers can seize opportunities in this growing market and secure their dream home without delays. While in Loyalton, visitors can enjoy various attractions such as the scenic Loyalton Park, perfect for outdoor activities and picnics. The nearby Lakes Basin Recreation Area offers opportunities for hiking, fishing, and camping, making it an ideal destination for nature lovers and outdoor enthusiasts.
The Benefits of Bridge Loans in Loyalton, California
