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Navigating the process of buying a new home in Orleans, 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 Orleans, CA or getting it ready for the market.
Identify the new home you want to buy in Orleans, 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 Orleans, 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 Orleans, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Orleans, 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 Orleans, 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 Orleans, 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 Orleans, 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 Orleans, 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!
Benefits of Bridge Loans Bridge loans provide a quick financing solution for homeowners looking to buy a new property before selling their existing one. They offer flexibility, speed, and convenience, helping to bridge the financial gap during the transition period. Demographics Orleans, California, has a population of approximately 600 residents. The community is known for its diverse cultural background and tight-knit community feel. The median household income is around $40,000, and the majority of residents own their homes. Housing Market The housing market in Orleans is dynamic, with a mix of single-family homes and vacation properties. The median home price is $250,000, making it an affordable option for those looking to invest in real estate. Bridge loans can help buyers secure properties in this competitive market. Main Attractions Orleans is surrounded by the beautiful Klamath River and Six Rivers National Forest, offering plenty of outdoor recreational activities such as hiking, fishing, and camping. The town also hosts cultural events, farmers markets, and local art galleries, making it a vibrant place to live.
Bridge Loans in Orleans, California
