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Navigating the process of buying a new home in New Cuyama, 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 New Cuyama, CA or getting it ready for the market.
Identify the new home you want to buy in New Cuyama, 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 New Cuyama, 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 New Cuyama, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Cuyama, 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 New Cuyama, 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 New Cuyama, 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 New Cuyama, 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 New Cuyama, 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 New Cuyama, California provide a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan can help bridge the gap between the purchase of a new home and the sale of the existing one, preventing the need for a contingent offer. Demographics in New Cuyama, California, reflect a small, tight-knit community with a population of approximately 517 residents. The town has a rural feel and is known for its peaceful environment, making it an attractive location for those seeking a quieter lifestyle in beautiful surroundings. The housing market in New Cuyama offers more affordable options compared to nearby urban areas. With a median home price below the state average, buyers can find value for their money in this picturesque town. Bridge loans can facilitate the purchase of these properties, enabling buyers to secure their dream home without delay.
Benefits of Bridge Loans in New Cuyama, California