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Navigating the process of buying a new home in Palermo, 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 Palermo, CA or getting it ready for the market.
Identify the new home you want to buy in Palermo, 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 Palermo, 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 Palermo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palermo, 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 Palermo, 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 Palermo, 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 Palermo, 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 Palermo, 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 Palermo, California offer homeowners the flexibility to purchase a new home before selling their existing one. This allows for a smoother transition without the stress of timing constraints. Demographics in Palermo consist of a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of belonging. The housing market in Palermo, California, is on the rise, with increasing property values and a demand for both rental and owned homes. Bridge loans can help individuals take advantage of these opportunities. Main attractions in Palermo include the stunning Feather River, offering recreational activities such as fishing and boating. Additionally, the Palermo Park provides a beautiful setting for picnics and outdoor gatherings.
Benefits of Bridge Loans in Palermo, California
