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Navigating the process of buying a new home in Mendocino, 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 Mendocino, CA or getting it ready for the market.
Identify the new home you want to buy in Mendocino, 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 Mendocino, 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 Mendocino, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mendocino, 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 Mendocino, 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 Mendocino, 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 Mendocino, 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 Mendocino, 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 Mendocino, California offer immediate capital for purchasing a new home before selling the existing one, ensuring a smooth transition without the need to rush into a sale. These loans provide flexibility, allowing homeowners to secure the new property quickly and repay the loan as soon as their prior home is sold. Demographically, Mendocino is a charming coastal town with a population that appreciates the laid-back lifestyle and natural beauty. With a mix of artists, retirees, and outdoor enthusiasts, the community values sustainability, local businesses, and cultural events that make it a unique place to live. The housing market in Mendocino offers diverse opportunities, from historic cottages to luxury oceanfront estates. While the market is competitive, bridge loans can give buyers an edge by enabling them to make strong offers and close deals faster. Home prices have been steadily appreciating, making real estate in Mendocino a solid investment. Main attractions in Mendocino include the scenic Mendocino Headlands State Park, renowned for its panoramic views and hiking trails. The town also boasts art galleries, shops, and restaurants in historic Victorian buildings, offering locals and visitors a vibrant cultural experience in a picturesque setting.
Benefits of Bridge Loans in Mendocino, California
