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Navigating the process of buying a new home in Nipomo, 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 Nipomo, CA or getting it ready for the market.
Identify the new home you want to buy in Nipomo, 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 Nipomo, 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 Nipomo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Nipomo, 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 Nipomo, 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 Nipomo, 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 Nipomo, 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 Nipomo, 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 Nipomo, California offer a vital financial solution for homeowners looking to purchase a new property before selling their existing home. These short-term loans provide the necessary funds to bridge the gap between the sale of the current property and the purchase of a new one, ensuring a smooth transition without the stress of timing constraints. Nipomo, California, is a charming town with a population of approximately 17,000 residents. The area boasts a diverse community, with a mix of families, retirees, and young professionals. The town's tranquil atmosphere and scenic beauty make it an ideal place to call home. The housing market in Nipomo is dynamic, offering a range of options from quaint single-family homes to modern condominiums. With a median home price of $600,000, the market is competitive yet stable, making it an attractive location for both buyers and sellers. Bridge loans provide flexibility and financial support in this active real estate environment. Nipomo is known for its picturesque landscapes, including the Monarch Dunes Golf Club and the historic Dana Adobe Cultural Center. The nearby Nipomo Regional Park offers outdoor recreational activities, while local wineries and restaurants showcase the area's culinary delights. Residents and visitors alike appreciate the town's rich history and vibrant cultural scene.
Benefits of Bridge Loans in Nipomo, California
