Get Approved at The Lowest Rate
Navigating the process of buying a new home in Placerville, 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 Placerville, CA or getting it ready for the market.
Identify the new home you want to buy in Placerville, 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 Placerville, 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 Placerville, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Placerville, 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 Placerville, 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 Placerville, 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 Placerville, 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 Placerville, 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!
1. Flexibility: Bridge loans offer flexibility to homeowners by providing short-term financing to bridge the gap between the purchase of a new property and the sale of the current one. 2. Quick Financing: These loans are ideal for those looking to seize immediate investment opportunities without waiting for traditional financing approval. 3. Avoiding Contingencies: Bridge loans enable buyers to make stronger offers, as they do not need to include contingency clauses related to the sale of their existing home. Demographics Placerville, California, is a historic town located in El Dorado County with a population of approximately 11,000 residents. The town boasts a mix of families, retirees, and young professionals attracted to its small-town charm and proximity to outdoor recreational activities. Housing Market The Placerville housing market is competitive, with a median home price of around $450,000. The market has seen steady appreciation in recent years, making it a desirable location for both primary residence and investment property buyers. Main Attractions Placerville is known for its historic downtown area, which features unique shops, restaurants, and wineries. The town is also close to outdoor attractions such as the El Dorado National Forest, providing residents with ample opportunities for hiking, biking, and camping.
Benefits of Bridge Loans in Placerville, California
