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Navigating the process of buying a new home in Ravendale, 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 Ravendale, CA or getting it ready for the market.
Identify the new home you want to buy in Ravendale, 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 Ravendale, 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 Ravendale, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ravendale, 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 Ravendale, 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 Ravendale, 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 Ravendale, 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 Ravendale, 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 Ravendale, California offer numerous benefits for both buyers and sellers in the real estate market. These short-term loans provide individuals with the flexibility to secure a new property before selling their existing one, preventing the need to rush the sale process and potentially compromising on price. Demographically, Ravendale, California, is a quaint town with a population of around 200 residents. The community is close-knit, offering a peaceful and serene environment for families and individuals looking to settle in a quiet and picturesque location. In terms of the housing market, Ravendale offers a range of affordable housing options, making it an attractive destination for first-time buyers and investors alike. The market is stable, with a steady increase in property values over the past few years, making it a lucrative investment opportunity. While Ravendale may be a small town, it boasts several main attractions that draw visitors and residents alike. The nearby Lassen Volcanic National Park offers stunning natural beauty and recreational activities, including hiking trails, camping, and wildlife viewing, making it a popular destination for outdoor enthusiasts.
Benefits of Bridge Loans in Ravendale, California
