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Navigating the process of buying a new home in Plymouth, 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 Plymouth, CA or getting it ready for the market.
Identify the new home you want to buy in Plymouth, 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 Plymouth, 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 Plymouth, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plymouth, 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 Plymouth, 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 Plymouth, 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 Plymouth, 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 Plymouth, 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 Plymouth, California offer a viable solution for homeowners needing quick capital for a new property before selling their current one. These loans bridge the gap between the sale of the existing property and the purchase of a new one, providing flexibility and convenience. Demographics: Plymouth, California, located in Amador County, has a population of around 1,000 residents. The area boasts a mix of young families and retirees attracted to the community's serene surroundings and close-knit atmosphere. Housing Market: The housing market in Plymouth is dynamic, with a range of options from historic homes to modern developments. Average home prices are around $400,000, making it an attractive location for buyers seeking affordable yet picturesque properties. Main Attractions: Plymouth is renowned for its wineries, offering visitors a chance to sample award-winning wines amidst stunning vineyard landscapes. Additionally, the town hosts annual events celebrating local produce, art, and culture, creating a vibrant and welcoming environment for residents and tourists alike.
The Benefits of Bridge Loans in Plymouth, California
