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Navigating the process of buying a new home in Manchester, 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 Manchester, CA or getting it ready for the market.
Identify the new home you want to buy in Manchester, 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 Manchester, 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 Manchester, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Manchester, 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 Manchester, 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 Manchester, 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 Manchester, 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 Manchester, 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 provide quick financing solutions for homeowners in Manchester, California, allowing them to bridge the gap between the purchase of a new home and the sale of their current one. This can prevent them from missing out on their dream home while waiting for their existing property to sell. Demographics: Manchester, California, is a diverse community with a population that includes young families, professionals, and retirees. The area is known for its cultural attractions, vibrant arts scene, and strong sense of community. Housing Market: The housing market in Manchester, California, is characterized by a mix of historic homes and modern developments. The demand for housing in the area is high, making it a competitive market for both buyers and sellers. Bridge loans can help buyers secure financing quickly in this competitive environment. Main Attractions: Some of the main attractions in Manchester, California, include beautiful parks, hiking trails, and a variety of dining options. Residents can also enjoy easy access to nearby beaches and outdoor recreational activities.
Benefits of Bridge Loans in Manchester, California
