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Navigating the process of buying a new home in Prather, 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 Prather, CA or getting it ready for the market.
Identify the new home you want to buy in Prather, 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 Prather, 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 Prather, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Prather, 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 Prather, 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 Prather, 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 Prather, 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 Prather, 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 Prather, California offer a convenient short-term financing solution for homeowners looking to purchase a new home before selling their current one. This type of loan provides the flexibility to access funds quickly, bridging the financial gap between the purchase and sale of properties. Demographically, Prather is a charming rural community located in the Sierra Nevada foothills. With a population of around 1,600 residents, Prather boasts a close-knit community feel and a lower cost of living compared to larger California cities. The housing market in Prather is characterized by a mix of single-family homes, ranch properties, and vacant land for those looking to build their dream home. The market is stable, with a steady demand for housing fueled by the town's natural beauty and peaceful surroundings. Some of the main attractions in Prather include the nearby Sierra National Forest, offering outdoor enthusiasts plenty of hiking, camping, and fishing opportunities. Residents also enjoy easy access to Shaver Lake, a popular spot for boating and water sports during the summer months.
Benefits of Bridge Loans in Prather, California
