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Navigating the process of buying a new home in Paicines, 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 Paicines, CA or getting it ready for the market.
Identify the new home you want to buy in Paicines, 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 Paicines, 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 Paicines, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paicines, 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 Paicines, 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 Paicines, 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 Paicines, 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 Paicines, 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 in Paicines, California offers numerous benefits to homeowners and property investors. One of the main advantages is the ability to quickly secure financing for a new property purchase while awaiting the sale of an existing property. This can help expedite the buying process and prevent missed opportunities in the competitive real estate market. Demographically, Paicines, California is a small rural community with a population of approximately 204 residents. The majority of residents are families and retirees attracted to the area for its peaceful rural setting and proximity to outdoor recreational activities such as hiking, fishing, and camping. The housing market in Paicines, California is characterized by a mix of single-family homes, ranch properties, and vacant land. With a median home price of $632,500, the market has shown steady appreciation in recent years, making it an attractive investment opportunity for buyers looking to tap into the area's potential growth. Paicines, California boasts several main attractions, including the scenic Pinnacles National Park, known for its towering rock formations, hiking trails, and diverse wildlife. Additionally, the nearby San Benito River provides opportunities for fishing and canoeing, making it a popular destination for outdoor enthusiasts.
The Benefits of Bridge Loans in Paicines, California