Get Approved at The Lowest Rate
Navigating the process of buying a new home in Modesto, 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 Modesto, CA or getting it ready for the market.
Identify the new home you want to buy in Modesto, 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 Modesto, 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 Modesto, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Modesto, 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 Modesto, 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 Modesto, 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 Modesto, 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 Modesto, 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 Modesto offer significant benefits to homeowners and real estate investors. With the ability to secure short-term financing quickly, individuals can bridge the gap between the purchase of a new property and the sale of an existing one. This allows for seamless transactions without the need to wait for a traditional mortgage approval. Modesto, California, boasts a diverse demographic profile with a mix of families, young professionals, and retirees. The city's population consists of various ethnicities, making it a vibrant and inclusive community. The local economy is supported by industries such as agriculture, manufacturing, and healthcare, offering residents diverse job opportunities. The housing market in Modesto is dynamic, with a range of properties available to suit different preferences and budgets. The city offers a mix of single-family homes, townhouses, and apartments, providing options for both renters and buyers. Despite fluctuations, Modesto's real estate market remains stable, making it an attractive location for property investments.
Benefits of Bridge Loans in Modesto, California
