Get Approved at The Lowest Rate
Navigating the process of buying a new home in Paso Robles, 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 Paso Robles, CA or getting it ready for the market.
Identify the new home you want to buy in Paso Robles, 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 Paso Robles, 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 Paso Robles, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paso Robles, 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 Paso Robles, 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 Paso Robles, 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 Paso Robles, 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 Paso Robles, 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 Paso Robles, California offer several benefits to both buyers and sellers. These short-term loans provide quick access to funds to bridge the financial gap between buying a new home and selling the current one. They allow buyers to make competitive offers without contingencies, ensuring a smoother and quicker transaction process. Paso Robles, located in San Luis Obispo County, has a population of around 32,000. The city has a diverse demographic mix with a median age of 38 years. The median household income is approximately $64,000, and the majority of residents are homeowners. The housing market in Paso Robles is dynamic, offering a mix of historic homes and modern developments. The median home value is around $540,000, with a steady appreciation rate. The market is competitive, with properties spending an average of 60 days on the market before being sold. Main attractions in Paso Robles include over 200 wineries, hot springs, and the iconic California Mid-State Fair. The city boasts a vibrant arts and cultural scene, with numerous galleries, museums, and events throughout the year, making it an attractive destination for tourists and residents alike.
Bridge Loans in Paso Robles, California
