Get Approved at The Lowest Rate
Navigating the process of buying a new home in Phelan, 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 Phelan, CA or getting it ready for the market.
Identify the new home you want to buy in Phelan, 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 Phelan, 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 Phelan, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Phelan, 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 Phelan, 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 Phelan, 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 Phelan, 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 Phelan, 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 financing option for homebuyers in Phelan, California, by providing short-term funds to bridge the gap between the purchase of a new home and the sale of an existing property. This type of loan allows buyers to make competitive offers and swiftly close deals, avoiding the need for contingencies related to selling their current home. Phelan, a rural community in California, boasts a diverse population with a mix of families, young professionals, and retirees. The area's median income is slightly above the state average, and the cost of living is relatively affordable compared to other parts of California, making it an attractive location for those looking for a peaceful yet connected lifestyle. The housing market in Phelan is dynamic, offering a range of housing options from spacious single-family homes to ranch-style properties. With the median home price below the state average, Phelan presents an opportunity for prospective buyers to invest in a property that is not only affordable but also holds potential for appreciation in value. While known for its serene environment and proximity to natural attractions like the San Bernardino National Forest, Phelan also offers recreational activities such as hiking, camping, and horseback riding. The community takes pride in its annual events, local eateries, and boutique shops, providing residents with a close-knit and vibrant lifestyle.
Benefits of Bridge Loans in Phelan, California
