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Navigating the process of buying a new home in Redcrest, 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 Redcrest, CA or getting it ready for the market.
Identify the new home you want to buy in Redcrest, 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 Redcrest, 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 Redcrest, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redcrest, 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 Redcrest, 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 Redcrest, 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 Redcrest, 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 Redcrest, 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 provide a valuable financial solution for individuals in Redcrest, California who are looking to purchase a new home before selling their existing one. These loans offer temporary financing that bridges the gap between the sale of the current property and the purchase of a new one, allowing homeowners to secure their dream home without the stress of timing constraints. Redcrest, California, a charming rural community, boasts a population of around 200 residents. The area is known for its picturesque surroundings, including the majestic Redwood National and State Parks, offering residents a tranquil and serene living environment away from the hustle and bustle of city life. The housing market in Redcrest, California, though relatively small, offers a mix of single-family homes and picturesque cabins nestled among the redwoods. With a median home price of $300,000, the market is stable, making it an attractive option for those looking to invest in a peaceful and idyllic setting. Redcrest, California, is a haven for nature lovers and outdoor enthusiasts. Residents and visitors can explore the Avenue of the Giants, a scenic drive through towering redwoods, or enjoy hiking, camping, and fishing in the nearby Humboldt Redwoods State Park, making it an ideal location for those seeking an active and nature-filled lifestyle.
Benefits of Bridge Loans in Redcrest, California
