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Navigating the process of buying a new home in Olema, 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 Olema, CA or getting it ready for the market.
Identify the new home you want to buy in Olema, 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 Olema, 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 Olema, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Olema, 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 Olema, 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 Olema, 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 Olema, 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 Olema, 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!
A bridge loan provides quick access to funds, allowing buyers in Olema to secure a new property while waiting to sell their existing one. This can prevent missing out on a dream home and offers flexibility in real estate transactions. Demographics in Olema, California, show a small population of around 200 residents. The area boasts a mix of age groups, with a median age of 52. The community is known for its peaceful environment and tight-knit feel. The housing market in Olema offers a variety of options, including charming single-family homes and picturesque cottages. With a median home value above the national average, the market is stable and reflects the desirable nature of the area. Olema is nestled near Point Reyes National Seashore, offering residents and visitors stunning natural beauty. The area is ideal for outdoor enthusiasts, with opportunities for hiking, birdwatching, and enjoying the coastal landscape.
Benefits of Bridge Loans in Olema, California
