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Navigating the process of buying a new home in Merced, 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 Merced, CA or getting it ready for the market.
Identify the new home you want to buy in Merced, 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 Merced, 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 Merced, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Merced, 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 Merced, 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 Merced, 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 Merced, 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 Merced, 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!
Benefits of Bridge Loans: Bridge loans offer Merced residents a flexible financing option when purchasing a new home before selling their current one. This allows for quick transactions, avoids contingent offers, and provides financial assistance during the transition period. Demographics: Merced, California, has a diverse population with a mix of young professionals, families, and retirees. The city offers a friendly community atmosphere with access to quality education, healthcare, and recreational facilities. Housing Market: The housing market in Merced is experiencing steady growth, making it an attractive location for both buyers and sellers. With affordable housing options, increasing property values, and low mortgage rates, investing in Merced real estate is a smart choice. Main Attractions: Merced boasts attractions such as the Merced National Wildlife Refuge, Applegate Park Zoo, and UC Merced. The city's rich cultural heritage, vibrant arts scene, and proximity to Yosemite National Park make it a desirable place to live and visit.
Bridge Loans in Merced, California
