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Navigating the process of buying a new home in Paradise, 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 Paradise, CA or getting it ready for the market.
Identify the new home you want to buy in Paradise, 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 Paradise, 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 Paradise, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paradise, 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 Paradise, 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 Paradise, 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 Paradise, 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 Paradise, 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 Paradise, California offer a convenient financing solution for homeowners looking to purchase a new property before selling their current one. These short-term loans bridge the gap between the sale of one property and the purchase of another, providing flexibility and financial assistance during the transition period. Paradise, California, nestled in the Sierra Nevada foothills, boasts a diverse demographic mix. With a population of approximately 26,000 residents, the town offers a peaceful and close-knit community environment, ideal for families and retirees looking for a serene living experience. The housing market in Paradise, California, is characterized by a mix of charming single-family homes, spacious estates, and picturesque mountain retreats. The real estate market in Paradise is known for its affordability compared to neighboring areas, making it an attractive option for first-time buyers and investors looking for a potential growth opportunity. Paradise, California is renowned for its natural beauty and outdoor recreational opportunities. The town is situated near the captivating Butte Creek Canyon and is in close proximity to attractions such as the historic Covered Bridge, Lake Oroville, and numerous hiking trails, making it an outdoor enthusiast's paradise.
Exploring the Benefits of Bridge Loans in Paradise, California
