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Navigating the process of buying a new home in Mcarthur, 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 Mcarthur, CA or getting it ready for the market.
Identify the new home you want to buy in Mcarthur, 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 Mcarthur, 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 Mcarthur, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mcarthur, 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 Mcarthur, 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 Mcarthur, 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 Mcarthur, 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 Mcarthur, 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 Mcarthur, California offer a unique financial solution for individuals looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing buyers to secure their dream home without waiting for their existing property to sell. McArthur, California, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere, picturesque landscapes, and strong sense of unity. Residents enjoy a peaceful and serene living environment, making it an ideal place for individuals seeking a close-knit community. The housing market in Mcarthur, California, is dynamic and offers a range of options for buyers. With a mix of single-family homes, condos, and townhouses, there is something for every budget and preference. The market is stable, making it a favorable environment for those looking to invest in real estate.
Benefits of Bridge Loans in Mcarthur, California