Get Approved at The Lowest Rate
Navigating the process of buying a new home in Oakdale, 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 Oakdale, CA or getting it ready for the market.
Identify the new home you want to buy in Oakdale, 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 Oakdale, 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 Oakdale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakdale, 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 Oakdale, 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 Oakdale, 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 Oakdale, 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 Oakdale, 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 Oakdale, California offer numerous benefits to homebuyers and sellers. One of the key advantages is the ability to secure financing quickly to bridge the gap between the purchase of a new home and the sale of an existing one. This can help avoid the stress of carrying two mortgages simultaneously. Demographically, Oakdale is a charming city with a population that is primarily made up of families and young professionals. The median household income is above the national average, making it an attractive location for those looking to invest in real estate. The community is known for its strong sense of community and excellent school system. The housing market in Oakdale is currently experiencing steady growth, with home values appreciating at a healthy rate. Bridge loans play a vital role in facilitating transactions in a competitive market by providing buyers with the financial flexibility needed to secure their dream home. Additionally, the low inventory levels in Oakdale make bridge loans a valuable tool for quick and seamless transactions. Some of the main attractions in Oakdale include the beautiful Woodward Reservoir, perfect for outdoor activities and water sports. The city is also renowned for its Oakdale Cowboy Museum, showcasing the rich history of the region's cowboy culture. With its proximity to Yosemite National Park, Oakdale is an ideal location for nature enthusiasts and outdoor adventurers.
Benefits of Bridge Loans in Oakdale, California
