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Navigating the process of buying a new home in Madison, 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 Madison, CA or getting it ready for the market.
Identify the new home you want to buy in Madison, 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 Madison, 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 Madison, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Madison, 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 Madison, 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 Madison, 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 Madison, 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 Madison, 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 Madison, California offer flexibility to homebuyers by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This can be advantageous when timing is crucial, allowing individuals to secure their dream home without being contingent on selling their current property. Demographics in Madison, California show a diverse population with a mix of families, young professionals, and retirees. The area boasts a strong sense of community and a range of cultural activities, making it an attractive place to live for people of all ages and backgrounds. The housing market in Madison, California is dynamic and competitive, with a variety of property types available, from cozy apartments to spacious family homes. Bridge loans can provide a competitive edge in this market, enabling buyers to act quickly and secure properties in desirable neighborhoods. Some main attractions in Madison, California include picturesque parks, vibrant dining scenes, and proximity to outdoor recreational areas. Residents can enjoy a high quality of life with access to amenities that cater to both leisure and practical needs.
Benefits of Bridge Loans in Madison, California
