Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mammoth Lakes, 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 Mammoth Lakes, CA or getting it ready for the market.
Identify the new home you want to buy in Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, 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 Mammoth Lakes, California offer a flexible financing solution for homebuyers. One of the main benefits is the ability to purchase a new home before selling your existing one, avoiding the need to wait for the sale proceeds to come through. Demographically, Mammoth Lakes is a popular destination for outdoor enthusiasts and nature lovers. With a population of around 8,000, the town attracts tourists and residents alike with its stunning mountain views and access to a range of outdoor activities. The housing market in Mammoth Lakes is characterized by a mix of single-family homes, condos, and vacation rentals. Bridge loans provide an opportunity for buyers to capitalize on the market's potential for appreciation and secure their dream home in this competitive market. Main attractions in Mammoth Lakes include the Mammoth Mountain Ski Area, offering world-class skiing and snowboarding, as well as the Devils Postpile National Monument and the Sierra Nevada Aquatic Research Laboratory, providing opportunities for outdoor exploration and education.
Benefits of Bridge Loans in Mammoth Lakes, California
