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Navigating the process of buying a new home in Murphys, 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 Murphys, CA or getting it ready for the market.
Identify the new home you want to buy in Murphys, 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 Murphys, 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 Murphys, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Murphys, 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 Murphys, 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 Murphys, 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 Murphys, 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 Murphys, 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 offer quick financing solutions that help bridge the gap between the purchase of a new property and the sale of an existing one, providing flexibility and convenience for homeowners in Murphys. Demographics in Murphys Murphys, California, is a picturesque town known for its rich history, with a population of around 2,213 residents. The community is a mix of families, retirees, and young professionals, creating a diverse and welcoming environment. Housing Market in Murphys The housing market in Murphys is competitive, with a median home value of $428,500. Bridge loans can assist homebuyers in securing the funds needed to purchase a property in this desirable market while waiting for their current home to sell. Main Attractions in Murphys Murphys is home to a variety of attractions, including award-winning wineries, charming boutiques, and outdoor recreational activities like hiking and fishing. The town's historic downtown area is a popular destination for locals and tourists alike.
Bridge Loans in Murphys, California
