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Navigating the process of buying a new home in Obrien, 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 Obrien, CA or getting it ready for the market.
Identify the new home you want to buy in Obrien, 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 Obrien, 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 Obrien, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Obrien, 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 Obrien, 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 Obrien, 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 Obrien, 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 Obrien, 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 Obrien, California provide a crucial financial lifeline for individuals looking to purchase a new home before selling their current one. This type of loan allows for quick access to funds, bridging the gap between transactions and ensuring a smooth transition. Demographically, Obrien is a diverse community with a mix of families, young professionals, and retirees. The town boasts a strong sense of community, with residents actively participating in local events and initiatives. The housing market in Obrien, California, is dynamic and competitive. With a range of housing options available, from cozy single-family homes to luxurious estates, there is something for every taste and budget. Bridge loans play a vital role in facilitating these transactions, allowing buyers to act quickly in a fast-paced market. Notable attractions in Obrien include scenic parks, charming downtown areas, and cultural landmarks. Residents and visitors alike can enjoy outdoor activities, delicious dining options, and a thriving arts scene, making Obrien a desirable place to live and visit.
Benefits of Bridge Loans in Obrien, California
