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Navigating the process of buying a new home in Ramona, 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 Ramona, CA or getting it ready for the market.
Identify the new home you want to buy in Ramona, 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 Ramona, 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 Ramona, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ramona, 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 Ramona, 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 Ramona, 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 Ramona, 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 Ramona, 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 offer a flexible financing option for homebuyers in Ramona by providing quick access to funds needed for a new home purchase before the sale of their current property. This allows for a seamless transition without the stress of coordinating closing dates. Demographics: Ramona, California, is a diverse community with a mix of families, young professionals, and retirees. The town boasts a strong sense of community, with many local events and activities that bring residents together. Housing Market: The housing market in Ramona is competitive, with a mix of single-family homes, ranch-style properties, and larger estates. Bridge loans can give buyers an edge in this market by providing the necessary finances to secure a new property without the need to wait for their current home to sell. Main Attractions: Ramona is known for its scenic beauty, including hiking trails, vineyards, and golf courses. The town also has a rich history, with attractions like the Guy B. Woodward Museum showcasing the area's past.
Benefits of Bridge Loans in Ramona, California
