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Navigating the process of buying a new home in Potrero, 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 Potrero, CA or getting it ready for the market.
Identify the new home you want to buy in Potrero, 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 Potrero, 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 Potrero, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Potrero, 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 Potrero, 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 Potrero, 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 Potrero, 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 Potrero, 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 Potrero, California offer a convenient financing option for individuals looking to buy a new home before selling their current one. With a bridge loan, you can avoid the stress of timing the sale of your existing home with the purchase of a new one. Demographics: Potrero, California, is a small, tight-knit community with a population of around 650 residents. The area is known for its rural feel, beautiful landscapes, and strong community spirit. The median age in Potrero is 42 years, and the median household income is $56,000. Housing Market: The housing market in Potrero, California, is characterized by a variety of housing options, including single-family homes, ranches, and vacant land for custom builds. The median home price in Potrero is $350,000, making it an attractive option for homebuyers seeking affordability in a serene setting. Main Attractions: Potrero offers a range of outdoor activities, including hiking, camping, and birdwatching in nearby parks such as Potrero County Park and Hauser Wilderness. The community also hosts annual events like the Potrero County Fair, bringing residents together for fun and celebration.
Bridge Loans in Potrero, California
