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Navigating the process of buying a new home in Phillipsville, 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 Phillipsville, CA or getting it ready for the market.
Identify the new home you want to buy in Phillipsville, 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 Phillipsville, 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 Phillipsville, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Phillipsville, 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 Phillipsville, 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 Phillipsville, 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 Phillipsville, 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 Phillipsville, 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 Phillipsville, California offer numerous benefits to both homebuyers and homeowners. These short-term loans provide quick access to funds for purchasing a new home before selling an existing one, helping to bridge the financial gap. They can be especially useful in competitive real estate markets like Phillipsville, allowing buyers to make strong offers without contingencies. Demographics: Phillipsville, California, is a small and charming town located in Humboldt County. The population is diverse, with a mix of families, retirees, and young professionals. The community has a strong sense of connection and a welcoming atmosphere, making it a great place to call home. Housing Market: The housing market in Phillipsville is dynamic, with a range of property types available, from cozy cabins to spacious family homes. The market is competitive, with properties often receiving multiple offers. Bridge loans can give buyers an edge by allowing them to act quickly and secure their dream home. Main Attractions: Phillipsville is surrounded by natural beauty, with easy access to outdoor activities like hiking, fishing, and camping in the nearby redwood forests. The town is also home to quaint shops, local restaurants, and community events that showcase the area's rich culture and history.
The Benefits of Bridge Loans in Phillipsville, California
