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Navigating the process of buying a new home in Onyx, 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 Onyx, CA or getting it ready for the market.
Identify the new home you want to buy in Onyx, 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 Onyx, 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 Onyx, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Onyx, 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 Onyx, 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 Onyx, 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 Onyx, 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 Onyx, 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 Onyx, California offer homeowners the flexibility to secure short-term financing to bridge the gap between the purchase of a new home and the sale of their current property. This enables them to avoid contingent offers and move quickly in competitive real estate markets. Demographics Onyx, California, is a small, close-knit community located in Kern County. The town has a population of around 475 residents, with a mix of families and retirees. The area boasts a picturesque landscape with stunning mountain views, making it an ideal place for those seeking a quiet and peaceful living environment. Housing Market The Onyx housing market is characterized by a range of property types, including single-family homes, ranch-style houses, and spacious lots. With the median home price around $250,000, Onyx offers affordable housing options compared to neighboring cities. Bridge loans can assist buyers in securing funds quickly to capitalize on attractive real estate opportunities. Main Attractions Onyx is known for its proximity to outdoor recreational activities, including hiking, fishing, and camping. The town is a gateway to the Sequoia National Forest, offering residents and visitors access to breathtaking trails and natural beauty. Additionally, Onyx is home to charming local businesses, cafes, and community events that contribute to its inviting atmosphere.
Benefits of Bridge Loans in Onyx, California
