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Navigating the process of buying a new home in Mad River, 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 Mad River, CA or getting it ready for the market.
Identify the new home you want to buy in Mad River, 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 Mad River, 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 Mad River, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mad River, 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 Mad River, 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 Mad River, 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 Mad River, 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 Mad River, 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 Mad River, California offer a valuable financial solution for individuals looking to purchase a new home before selling their existing one. These short-term loans provide immediate funds to cover the down payment and closing costs, allowing buyers to secure their dream home without the need to wait for their current property to sell. Demographically, Mad River is a picturesque town located in Humboldt County, California, known for its stunning natural beauty and vibrant community. With a population of around 4200 residents, the town offers a mix of young families, professionals, and retirees, creating a diverse and welcoming atmosphere. In terms of the housing market, Mad River boasts a range of housing options, from quaint cottages to spacious family homes. The market is characterized by steady growth and stability, making it an attractive location for both first-time buyers and investors looking to capitalize on the town's potential for appreciation. Among the main attractions in Mad River are the scenic hiking trails of Six Rivers National Forest, the charming downtown area with eclectic shops and restaurants, and the annual Mad River Craft Fair that showcases local artisans and crafts. The town's proximity to the coast also offers residents easy access to beautiful beaches and outdoor activities.
Benefits of Bridge Loans in Mad River, California
