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Navigating the process of buying a new home in Magalia, 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 Magalia, CA or getting it ready for the market.
Identify the new home you want to buy in Magalia, 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 Magalia, 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 Magalia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Magalia, 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 Magalia, 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 Magalia, 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 Magalia, 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 Magalia, 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 Magalia, California offer a valuable solution for homebuyers looking to purchase a new property before selling their existing one. They provide short-term financing that can bridge the gap between the purchase of a new home and the sale of the current property, preventing the need for contingent offers and streamlining the buying process. Magalia, California, a picturesque town nestled in the foothills of the Sierra Nevada mountains, boasts a diverse population with a strong sense of community. With a mix of young families, retirees, and professionals, the town offers a welcoming atmosphere for residents of all ages. The housing market in Magalia is vibrant, offering a range of housing options from cozy cottages to spacious single-family homes. The market is currently experiencing steady growth, making it an attractive location for both buyers and sellers. With the help of bridge loans, buyers can take advantage of the market's potential while navigating the process with ease. Magalia's natural beauty and proximity to outdoor attractions make it a desirable place to live. Residents can enjoy hiking in the nearby Lassen National Forest, fishing in local streams, or exploring historic sites such as the De Sabla Reservoir. The town's charming shops and restaurants also add to its appeal, providing a quaint and relaxing environment for residents and visitors alike.
Benefits of Bridge Loans in Magalia, California
