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Navigating the process of buying a new home in Red Mountain, 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 Mountain, CA or getting it ready for the market.
Identify the new home you want to buy in Red Mountain, 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 Mountain, 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 Mountain, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Red Mountain, 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 Mountain, 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 Mountain, 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 Mountain, 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 Mountain, 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 Mountain, California offer a valuable financing solution for homebuyers, allowing them to purchase a new home before selling their existing property. This can be advantageous in competitive markets, as it provides the flexibility to make a strong offer without being contingent on the sale of a current home. Demographically, Red Mountain boasts a diverse population with a mix of families, young professionals, and retirees. The area is known for its tight-knit community, excellent schools, and convenient access to amenities such as parks, shopping centers, and healthcare facilities. In terms of the housing market, Red Mountain offers a range of housing options from single-family homes to townhouses and condos. The market is characterized by steady appreciation rates and a strong demand for properties due to its attractive location and quality of life. Main attractions in Red Mountain include the scenic Red Mountain Park, known for its hiking trails and panoramic views, as well as the Red Mountain Vineyards, where visitors can enjoy wine tastings and tours of the vineyard. The area also features a variety of restaurants, shops, and cultural events that cater to residents and visitors alike.
Benefits of Bridge Loans in Red Mountain, California
