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Navigating the process of buying a new home in Penryn, 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 Penryn, CA or getting it ready for the market.
Identify the new home you want to buy in Penryn, 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 Penryn, 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 Penryn, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Penryn, 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 Penryn, 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 Penryn, 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 Penryn, 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 Penryn, 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 Loan Benefits: Bridge loans provide a quick financing solution for homeowners looking to purchase a new property before selling their current one. In Penryn, California, where the housing market can be competitive, bridge loans offer a competitive edge to buyers by providing the necessary funds to secure a new home without having to wait for their old property to sell. Demographics: Penryn, California, is a small and charming community located in Placer County. With a population of around 800 residents, Penryn offers a tight-knit community feel perfect for those seeking a quiet and peaceful lifestyle. Housing Market: The housing market in Penryn, California, is known for its picturesque settings and rural charm. With a mix of older historic homes and newer developments, the town offers a diverse range of housing options for residents. Bridge loans can help buyers navigate the competitive market and secure their dream home. Main Attractions: Penryn is situated near popular attractions such as the Sierra Nevada Foothills and the scenic American River. Residents can enjoy outdoor activities like hiking, biking, and exploring the local wineries in the area.
Benefits of Bridge Loans in Penryn, California
