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Navigating the process of buying a new home in Oceano, 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 Oceano, CA or getting it ready for the market.
Identify the new home you want to buy in Oceano, 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 Oceano, 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 Oceano, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oceano, 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 Oceano, 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 Oceano, 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 Oceano, 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 Oceano, 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 crucial advantages to homebuyers in Oceano, California. These short-term loans provide the flexibility to secure a new home before selling the existing one. This helps prevent the stress of timing mismatches and ensures a smooth transition without the need for temporary housing. Oceano, located in San Luis Obispo County, boasts a diverse demographic profile. With a population of around 7,286, the community has a mix of families, retirees, and young professionals. The area's cultural richness is enhanced by its Hispanic heritage, evident in local cuisine, events, and traditions. The housing market in Oceano is dynamic and attractive for buyers seeking coastal living. The median home price is approximately $605,000, making it an affordable option in comparison to neighboring areas like Pismo Beach. Bridge loans empower buyers to capitalize on opportunities in this competitive market. Oceano offers a range of attractions that cater to residents and visitors alike. The Oceano Dunes State Vehicular Recreation Area is a popular spot for off-roading and beach camping. Nature enthusiasts can explore the Oceano Lagoon or go birdwatching at the Oceano Butterfly Grove. With its relaxed coastal vibe, Oceano is a hidden gem on the California coast.
Benefits of Bridge Loans in Oceano, California
