Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mount Aukum, 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 Mount Aukum, CA or getting it ready for the market.
Identify the new home you want to buy in Mount Aukum, 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 Mount Aukum, 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 Mount Aukum, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Aukum, 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 Mount Aukum, 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 Mount Aukum, 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 Mount Aukum, 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 Mount Aukum, 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 Mount Aukum, California offer numerous benefits for homebuyers and sellers. These short-term loans provide immediate funds to bridge the gap between the purchase of a new home and the sale of the existing one, allowing for a seamless transition without the need to wait for the old property to sell. Demographically, Mount Aukum is a small, rural community located in El Dorado County. With a population of approximately 480 residents, the area offers a quiet and peaceful environment, ideal for those looking to escape the hustle and bustle of city life. The housing market in Mount Aukum is characterized by a mix of single-family homes and ranch properties set amidst the picturesque Sierra Nevada foothills. With an average home price of around $400,000, the market offers affordable options for those looking to buy or sell in this serene setting. Main attractions in Mount Aukum include the many vineyards and wineries that dot the landscape, offering opportunities for wine tasting and relaxation. Outdoor enthusiasts can also enjoy hiking, camping, and fishing in nearby parks and reservoirs, making it an ideal location for nature lovers.
Benefits of Bridge Loans in Mount Aukum, California
