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Navigating the process of buying a new home in Monte Rio, 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 Monte Rio, CA or getting it ready for the market.
Identify the new home you want to buy in Monte Rio, 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 Monte Rio, 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 Monte Rio, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monte Rio, 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 Monte Rio, 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 Monte Rio, 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 Monte Rio, 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 Monte Rio, 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 in Monte Rio offer quick access to funds for down payments on new homes before the sale of the existing property. This can help avoid missed opportunities and allows for smoother transitions between homes. Demographics: Monte Rio is a charming census-designated place in Sonoma County, California. With a population of approximately 1,152 people, it offers a tight-knit community feel while still being close to larger cities like Santa Rosa. Housing Market: The housing market in Monte Rio is diverse, with options ranging from cozy cabins to luxurious riverfront properties. The median home value is around $552,000, making it an attractive location for both permanent residents and vacation home buyers. Main Attractions: Monte Rio is known for its stunning natural beauty, including the Russian River that runs through the town. Popular attractions include Monte Rio Beach, the Bohemian Grove, and the annual Monte Rio Variety Show.
Bridge Loans in Monte Rio, California
