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Navigating the process of buying a new home in Newberry Springs, 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 Newberry Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Newberry Springs, 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 Newberry Springs, 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 Newberry Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newberry Springs, 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 Newberry Springs, 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 Newberry Springs, 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 Newberry Springs, 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 Newberry Springs, 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 offer a convenient and flexible financing option for individuals looking to purchase a new home before selling their existing one. In a competitive real estate market like Newberry Springs, this can give buyers a significant advantage by allowing them to make quick offers without being contingent on the sale of their current property. Demographically, Newberry Springs is a small but growing community located in the Mojave Desert. With a population of around 2,000 residents, the town offers a close-knit and friendly atmosphere. The majority of residents are homeowners, contributing to a stable and supportive housing market. The housing market in Newberry Springs is diverse, with options ranging from affordable single-family homes to spacious ranch properties. Bridge loans can assist buyers in securing their dream home by providing temporary funds to bridge the gap between the purchase of a new property and the sale of their old one. Some of the main attractions in Newberry Springs include the iconic Bagdad Cafe, a famous filming location that has become a popular tourist destination. The town also boasts stunning natural beauty, with attractions such as the Mojave River and nearby national parks offering outdoor recreational opportunities for residents and visitors alike.
Benefits of Bridge Loans in Newberry Springs, California
