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Navigating the process of buying a new home in Mariposa, 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 Mariposa, CA or getting it ready for the market.
Identify the new home you want to buy in Mariposa, 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 Mariposa, 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 Mariposa, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mariposa, 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 Mariposa, 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 Mariposa, 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 Mariposa, 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 Mariposa, 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 Mariposa, California offer a crucial financial solution for homeowners looking to purchase a new property before selling their existing one. These loans provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current property, allowing homeowners to secure their dream home without the stress of timing constraints. Mariposa, California, with a population of approximately 18,000, is a charming rural community known for its stunning natural beauty and rich history. The town attracts outdoor enthusiasts with its proximity to Yosemite National Park and Sierra National Forest, offering a range of recreational activities such as hiking, fishing, and camping. The housing market in Mariposa is diverse, with a mix of historic properties, ranch-style homes, and new developments. The median home value in Mariposa is $310,000, making it an affordable option for buyers looking to invest in real estate. With the help of bridge loans, homeowners can take advantage of the competitive housing market in Mariposa and secure their ideal home. Some of the main attractions in Mariposa include the Mariposa Museum and History Center, the California State Mining and Mineral Museum, and the Mariposa County Courthouse. Additionally, visitors can explore the Mariposa Butterfly Festival, enjoy local wine tasting, and discover the unique shops and restaurants in the town's historic downtown area.
Bridge Loans in Mariposa, California
