Get Approved at The Lowest Rate
Navigating the process of buying a new home in Petrolia, 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 Petrolia, CA or getting it ready for the market.
Identify the new home you want to buy in Petrolia, 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 Petrolia, 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 Petrolia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Petrolia, 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 Petrolia, 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 Petrolia, 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 Petrolia, 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 Petrolia, 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 offer a convenient short-term financing solution for homeowners looking to purchase a new property before selling their existing one. In Petrolia, California, these loans can provide the flexibility needed to secure a new home without the stress of timing the sale of the current property. Demographically, Petrolia is a small, tight-knit community with a population of around 300 residents. Located in Humboldt County, this coastal town offers a peaceful and scenic environment, making it an ideal place for those seeking a quieter lifestyle away from the hustle and bustle of the city. In terms of the housing market, Petrolia boasts a diverse range of properties, including charming coastal cottages, spacious ranch-style homes, and picturesque waterfront properties. With the average home price in the mid-range, the market offers affordable options for first-time buyers and those looking to invest in a vacation home. Main attractions in Petrolia include the stunning Petrolia Beach, known for its pristine sands and excellent surfing conditions. The nearby Mattole River provides ample opportunities for fishing and kayaking, while the scenic Lost Coast Trail offers breathtaking hikes with panoramic ocean views.
The Benefits of Bridge Loans in Petrolia, California
