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Navigating the process of buying a new home in Redding, 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 Redding, CA or getting it ready for the market.
Identify the new home you want to buy in Redding, 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 Redding, 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 Redding, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redding, 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 Redding, 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 Redding, 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 Redding, 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 Redding, 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 Redding, California offer numerous benefits to homeowners and investors. They provide short-term financing solutions, allowing individuals to purchase a new property before selling their existing one. This flexibility enables smoother transitions and reduces the need for contingencies. Redding, California has a diverse population with a median age of 37. The city is known for its beautiful natural landscapes, including the nearby Shasta Lake and Lassen Volcanic National Park. These attractions draw outdoor enthusiasts and tourists alike, enriching the local community. The housing market in Redding, California is dynamic, with a balanced mix of buyers and sellers. The median home price is affordable compared to neighboring areas, making it an attractive location for first-time buyers and investors alike. Bridge loans play a crucial role in facilitating transactions and stimulating the real estate market. Main attractions in Redding, California include the Sundial Bridge, Turtle Bay Exploration Park, and the Cascade Theatre. These landmarks contribute to the city's vibrant culture and provide residents with unique recreational and entertainment opportunities.
Bridge Loans in Redding, California
