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Navigating the process of buying a new home in Penn Valley, 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 Penn Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Penn Valley, 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 Penn Valley, 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 Penn Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Penn Valley, 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 Penn Valley, 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 Penn Valley, 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 Penn Valley, 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 Penn Valley, 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 Penn Valley, California offer a unique set of benefits for homebuyers. These short-term loans provide the flexibility to purchase a new home before selling your current one, avoiding the need for a contingent offer. This can give you a competitive edge in a hot real estate market. Penn Valley, California, located in Nevada County, has a population of approximately 1,500 residents. The area boasts a picturesque natural landscape with rolling hills and proximity to recreational areas like the Yuba River. The community is known for its peaceful and rural atmosphere, making it an appealing place to call home. The housing market in Penn Valley is dynamic, with a mix of single-family homes, ranch properties, and land available for development. The median home price is around $400,000, offering affordable options for buyers. Bridge loans can help facilitate quick transactions in this competitive market, allowing buyers to seize opportunities without delays. Some of the main attractions in Penn Valley include the beautiful Lake Wildwood, a gated community with a golf course, clubhouse, and water activities. Outdoor enthusiasts can enjoy hiking, fishing, and camping in nearby recreational areas. The quaint town center offers local shops and dining options, enhancing the community's charm.
Bridge Loans Benefits in Penn Valley, California
