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Navigating the process of buying a new home in Mill Creek, 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 Mill Creek, CA or getting it ready for the market.
Identify the new home you want to buy in Mill Creek, 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 Mill Creek, 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 Mill Creek, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mill Creek, 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 Mill Creek, 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 Mill Creek, 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 Mill Creek, 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 Mill Creek, 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 Mill Creek, California offer numerous benefits for homebuyers. They help in providing temporary financing for a new home purchase before the current home is sold, allowing for a smooth transition without the need for a contingency offer. Demographics of Mill Creek, California show a diverse community with a mix of young families and retirees. The area boasts a high employment rate and strong educational options, making it an attractive location for homebuyers. The housing market in Mill Creek, California is dynamic and competitive. With a steady increase in property values and a growing demand for housing, investing in real estate in this area can lead to significant returns in the long run. Some main attractions in Mill Creek include its beautiful parks, hiking trails, and proximity to wineries. Residents can enjoy outdoor activities and explore the picturesque surroundings, making it an ideal place to live for those who value nature and serenity.
Benefits of Bridge Loans in Mill Creek, California