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Navigating the process of buying a new home in Mccloud, 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 Mccloud, CA or getting it ready for the market.
Identify the new home you want to buy in Mccloud, 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 Mccloud, 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 Mccloud, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mccloud, 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 Mccloud, 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 Mccloud, 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 Mccloud, 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 Mccloud, 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 offer immediate financial assistance to bridge the gap between the purchase of a new property and the sale of an existing one. In McCloud, California, these loans are especially beneficial due to the competitive real estate market. They provide flexibility and ease the stress of coordinating timing between buying and selling a home. Demographics: McCloud is a small town in northern California with a population of approximately 1,100 residents. The community is known for its friendly atmosphere and outdoor recreational opportunities, making it an ideal place for families and retirees alike. Housing Market: The housing market in McCloud is characterized by a mix of historic properties and modern homes. With the median home price being affordable compared to other California regions, the town presents an attractive option for those looking to invest in real estate. Main Attractions: McCloud is surrounded by natural beauty, including the majestic Mount Shasta and the McCloud River. Outdoor enthusiasts can enjoy hiking, fishing, and skiing, while the town itself boasts charming shops, restaurants, and cultural events.
The Benefits of Bridge Loans in McCloud, California
