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Navigating the process of buying a new home in Mount Hermon, 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 Hermon, CA or getting it ready for the market.
Identify the new home you want to buy in Mount Hermon, 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 Hermon, 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 Hermon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mount Hermon, 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 Hermon, 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 Hermon, 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 Hermon, 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 Hermon, 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 Hermon, California offer a unique financial solution for homeowners looking to purchase a new property before selling their existing one. These loans provide the flexibility to bridge the financial gap between the sale of the current property and the purchase of a new one, helping homeowners avoid the stress of timing the transactions perfectly. The demographics of Mount Hermon, California, showcase a diverse community with a mix of families, professionals, and retirees. The area is known for its scenic beauty, outdoor recreational activities, and a strong sense of community. Residents enjoy a high quality of life and access to excellent educational and healthcare facilities. The housing market in Mount Hermon, California, is robust with a range of properties available to suit different preferences and budgets. With steady appreciation rates and a strong demand for housing, investing in real estate in this area can be a lucrative opportunity for homeowners and investors alike. Some of the main attractions in Mount Hermon, California, include the nearby state parks offering hiking, biking, and camping opportunities, as well as the charming downtown area with its unique shops and restaurants. Residents and visitors alike can enjoy a blend of outdoor adventures and cultural experiences in this picturesque community.
Benefits of Bridge Loans in Mount Hermon, California
