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Navigating the process of buying a new home in Red Bluff, 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 Red Bluff, CA or getting it ready for the market.
Identify the new home you want to buy in Red Bluff, 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 Red Bluff, 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 Red Bluff, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Red Bluff, 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 Red Bluff, 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 Red Bluff, 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 Red Bluff, 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 Red Bluff, 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 Red Bluff, California offer a valuable financial solution for homeowners looking to purchase a new property before selling their current one. These short-term loans provide the flexibility and liquidity necessary to bridge the gap between the purchase of a new home and the sale of an existing one. Demographics: Red Bluff, California, is a charming city located in Tehama County. With a population of around 14,000 residents, the city boasts a diverse community with a mix of families, young professionals, and retirees. The median household income in Red Bluff is $39,902. Housing Market: The housing market in Red Bluff is robust, with a median home value of $238,500. The market is competitive, with homes typically selling above asking price. Bridge loans can give homebuyers a competitive edge by providing the funds needed to secure a new home quickly. Main Attractions: Red Bluff offers a variety of attractions for residents and visitors, including the beautiful Sacramento River, the historic Kelly-Griggs House Museum, and the annual Red Bluff Round-Up, one of the largest rodeos in the country.
Benefits of Bridge Loans in Red Bluff, California
