Get Approved at The Lowest Rate
Navigating the process of buying a new home in Oroville, 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 Oroville, CA or getting it ready for the market.
Identify the new home you want to buy in Oroville, 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 Oroville, 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 Oroville, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oroville, 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 Oroville, 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 Oroville, 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 Oroville, 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 Oroville, 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 Oroville, California offer a convenient financial solution for individuals looking to purchase a new home before selling their existing one. This type of loan provides temporary financing to bridge the gap between buying and selling, offering flexibility and speed in real estate transactions. Oroville, California, located in Butte County, has a diverse population with a mix of families, young professionals, and retirees. The city enjoys a moderate cost of living compared to other parts of California, making it an attractive place for homebuyers seeking affordability without sacrificing quality of life. The housing market in Oroville presents a range of opportunities for both buyers and sellers. With a mix of single-family homes, condos, and townhouses, there is something for everyone. Bridge loans can help buyers secure their dream home quickly in this competitive market, while sellers can benefit from faster transactions and higher sale prices. Oroville boasts a variety of attractions, including the beautiful Lake Oroville State Recreation Area, perfect for outdoor enthusiasts. The city is also home to the Oroville Dam and Feather River Fish Hatchery, offering educational and recreational experiences for visitors of all ages.
Benefits of Bridge Loans in Oroville, California
