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Navigating the process of buying a new home in Penngrove, 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 Penngrove, CA or getting it ready for the market.
Identify the new home you want to buy in Penngrove, 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 Penngrove, 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 Penngrove, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Penngrove, 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 Penngrove, 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 Penngrove, 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 Penngrove, 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 Penngrove, 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 Penngrove, California offer numerous benefits to both buyers and sellers. These short-term loans provide quick financing solutions to bridge the gap between the purchase of a new property and the sale of an existing one. This allows for smoother transactions, faster closings, and flexibility in real estate transactions. Penngrove, California, a small town located in Sonoma County, boasts a diverse population with a mix of residents from various backgrounds. The town has a strong sense of community, excellent schools, and a vibrant local culture that attracts families and professionals alike. The housing market in Penngrove, California, is competitive yet stable. With its picturesque location, proximity to major cities, and strong demand for housing, property values have remained relatively high. Bridge loans can help prospective buyers secure properties in this desirable market before selling their existing homes. Some main attractions in Penngrove include the scenic Helen Putnam Regional Park, known for its hiking trails and panoramic views, as well as local vineyards and wineries that offer tastings and tours. The town also hosts community events, farmers' markets, and cultural festivals that showcase the area's unique charm.
Bridge Loans in Penngrove, California
