Get Approved at The Lowest Rate
Navigating the process of buying a new home in Newman, 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 Newman, CA or getting it ready for the market.
Identify the new home you want to buy in Newman, 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 Newman, 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 Newman, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newman, 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 Newman, 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 Newman, 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 Newman, 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 Newman, 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 Newman, California offer a convenient financing solution for homeowners looking to purchase a new property before selling their existing one. This type of loan provides temporary funds to cover the down payment and closing costs, allowing individuals to secure their new home without the stress of waiting for their old one to sell. Newman, California, boasts a diverse population, with a mix of families, young professionals, and retirees. The town's close-knit community is known for its strong sense of camaraderie and support, making it an ideal place to raise a family or start a new chapter of life. In terms of the housing market, Newman, California, offers a range of housing options to suit various budgets and preferences. The market is currently experiencing steady growth, with increasing demand for both single-family homes and rental properties. This makes it an attractive location for both buyers and investors looking to capitalize on the area's potential. Main attractions in Newman include the historic downtown area, which is home to quaint shops, cozy cafes, and local eateries. Additionally, the town hosts various community events throughout the year, including festivals, farmers' markets, and cultural celebrations, providing residents with opportunities to socialize and connect with one another.
Benefits of Bridge Loans in Newman, California
