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Navigating the process of buying a new home in Nevada City, 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 Nevada City, CA or getting it ready for the market.
Identify the new home you want to buy in Nevada City, 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 Nevada City, 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 Nevada City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nevada City, 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 Nevada City, 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 Nevada City, 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 Nevada City, 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 Nevada City, 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 Nevada City, California provide numerous benefits for individuals looking to buy a new home before selling their current one. These loans offer quick funding, allowing buyers to secure their new property without having to wait for their existing home to sell. Additionally, bridge loans can help avoid contingency clauses in purchase agreements, making offers more competitive. Nevada City, located in California's scenic Sierra Nevada Mountains, boasts a population of around 3,100 residents. The town is known for its charming historic downtown area, vibrant arts scene, and numerous outdoor recreational opportunities. Residents enjoy a strong sense of community and a high quality of life. The housing market in Nevada City is dynamic, with a mix of historic homes, mountain cabins, and modern properties. The median home price in Nevada City is around $500,000, offering a range of options for buyers. The market is competitive, with properties often receiving multiple offers due to the town's desirability and limited inventory. Some of the main attractions in Nevada City include the Nevada Theatre, one of the oldest original-use theatres in California, the South Yuba River State Park for outdoor enthusiasts, and the popular Victorian Christmas celebration during the holiday season.
Bridge Loans in Nevada City, California
