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Navigating the process of buying a new home in Ludlow, 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 Ludlow, CA or getting it ready for the market.
Identify the new home you want to buy in Ludlow, 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 Ludlow, 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 Ludlow, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ludlow, 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 Ludlow, 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 Ludlow, 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 Ludlow, 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 Ludlow, 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 Ludlow, California offer quick financing solutions for individuals looking to purchase a new home before selling their existing property. This financial tool provides flexibility, allowing homeowners to avoid contingency clauses and potentially secure better deals. Demographics: Ludlow, California has a population of approximately X, with a median household income of $Y. The town boasts a diverse community, with a mix of families, young professionals, and retirees. The local economy is driven by industries such as tourism, agriculture, and retail. Housing Market: The housing market in Ludlow is currently experiencing steady growth, with an increasing demand for residential properties. The average home price is $Z, with a range of housing options available, from single-family homes to townhouses. Bridge loans can help buyers navigate this competitive market and secure their dream home. Main Attractions: Ludlow offers a range of attractions for residents and visitors alike. From the scenic Ludlow Crags to the historic Ludlow Castle, the town is rich in culture and natural beauty. Additionally, the vibrant local dining scene and community events make Ludlow a desirable place to live and work.
Benefits of Bridge Loans in Ludlow, California
