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Navigating the process of buying a new home in Mono Hot Springs, 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 Mono Hot Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Mono Hot Springs, 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 Mono Hot Springs, 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 Mono Hot Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mono Hot Springs, 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 Mono Hot Springs, 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 Mono Hot Springs, 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 Mono Hot Springs, 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 Mono Hot Springs, 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 offer residents of Mono Hot Springs, California, a flexible financing option that bridges the gap between buying a new home before selling their current one. This allows for smoother transitions and better negotiation power. Demographics: Mono Hot Springs has a small population of around 30 residents, making it a tight-knit community perfect for nature lovers and outdoor enthusiasts. Housing Market: The housing market in Mono Hot Springs is characterized by rustic cabins and vacation homes, with a median home value of $350,000. Bridge loans can be beneficial in swiftly securing these unique properties. Main Attractions: Mono Hot Springs is famous for its natural hot springs, offering relaxation and rejuvenation in a picturesque setting. The nearby Sierra National Forest provides ample opportunities for hiking, fishing, and camping.
Benefits of Bridge Loans in Mono Hot Springs, California
