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Navigating the process of buying a new home in Randsburg, 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 Randsburg, CA or getting it ready for the market.
Identify the new home you want to buy in Randsburg, 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 Randsburg, 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 Randsburg, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Randsburg, 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 Randsburg, 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 Randsburg, 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 Randsburg, 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 Randsburg, 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 Randsburg, California offer a valuable financial solution for individuals looking to purchase a new home while waiting for their current one to sell. These loans provide the flexibility and convenience of securing funds quickly without having to wait for the sale of the existing property, allowing for smoother transitions. Demographics: Randsburg, California is a historic mining town with a population of around 75 residents. The town is known for its rich history, art galleries, and quaint shops, making it an ideal location for those seeking a close-knit community with a unique charm. Housing Market: The housing market in Randsburg offers a mix of historic homes and modern properties. With the median home price around $200,000, the town provides affordable housing options for first-time buyers and those looking to invest in a picturesque location. Main Attractions: Some of the main attractions in Randsburg include the Historic District, Randsburg Art Gallery, and local cafes and eateries. Outdoor enthusiasts can enjoy hiking trails and scenic views of the desert landscape, providing ample recreational opportunities for residents and visitors alike.
Benefits of Bridge Loans in Randsburg, California
