Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mendota, 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 Mendota, CA or getting it ready for the market.
Identify the new home you want to buy in Mendota, 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 Mendota, 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 Mendota, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mendota, 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 Mendota, 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 Mendota, 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 Mendota, 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 Mendota, 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 Mendota, California offer a vital financial solution for homebuyers by providing short-term funding to bridge the gap between buying a new home and selling an existing one. These loans offer flexibility in the real estate market, allowing individuals to secure a new property without being contingent on the sale of their current one. Mendota, California, a quaint town located in the San Joaquin Valley, boasts a diverse demographic mix with a primarily Hispanic population. The town's strong sense of community and cultural heritage make it an attractive place to live and raise a family. In terms of the housing market, Mendota provides affordable housing options compared to nearby cities, making it an appealing choice for first-time homebuyers and those looking to invest in real estate. The market shows steady growth, offering potential for property appreciation and a promising return on investment. While in Mendota, residents and visitors can explore the nearby attractions such as the Mendota Wildlife Area, known for its bird watching opportunities, and the Bicentennial Park, a popular spot for outdoor activities and community events. The town's rich agricultural history is also evident in its orchards and vineyards, adding to its charm.
Benefits of Bridge Loans in Mendota, California
