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Navigating the process of buying a new home in Patton, 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 Patton, CA or getting it ready for the market.
Identify the new home you want to buy in Patton, 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 Patton, 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 Patton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Patton, 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 Patton, 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 Patton, 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 Patton, 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 Patton, 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 Patton, California offer a flexible financing solution for homeowners looking to transition smoothly between transactions. They provide immediate cash flow to fund the down payment for a new home while waiting for the sale of the current property. This allows individuals to avoid the stress of timing constraints and secure their dream home without delays. Patton, California, a quaint town with a population of approximately 1,200, boasts a diverse community rich in culture and history. The area is renowned for its scenic beauty, mild climate, and strong sense of community spirit, making it an ideal place to settle down and raise a family. The housing market in Patton, California, is characterized by a mix of historic homes and modern developments, catering to various preferences and budgets. With a steady increase in property values over the years, investing in real estate in Patton proves to be a lucrative opportunity for potential buyers looking for long-term appreciation. Some of the main attractions in Patton include the picturesque Patton Park, which offers recreational facilities for residents of all ages, and the renowned Patton Historical Museum, showcasing the town's rich heritage through interactive exhibits and artifacts. Additionally, the serene Patton Lake provides a perfect spot for outdoor activities such as fishing and picnicking, attracting visitors from near and far.
Benefits of Bridge Loans in Patton, California
