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Navigating the process of buying a new home in Rescue, 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 Rescue, CA or getting it ready for the market.
Identify the new home you want to buy in Rescue, 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 Rescue, 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 Rescue, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rescue, 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 Rescue, 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 Rescue, 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 Rescue, 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 Rescue, 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 offer a valuable financial solution for residents of Rescue, California, by providing short-term funding to bridge the gap between the purchase of a new home and the sale of an existing property. This flexibility allows homeowners to secure their dream home without the stress of a contingency offer, making the buying process more seamless and efficient. Located in El Dorado County, Rescue boasts a diverse demographic profile with a mix of young families, professionals, and retirees. The median household income is above the national average, reflecting a strong economic foundation and promising investment opportunities for potential homebuyers seeking to leverage bridge loans for property acquisitions. The housing market in Rescue, California, is characterized by a competitive landscape with a diverse range of properties available, from cozy single-family homes to luxurious estates. The demand for housing remains steady, driven by the area's proximity to Sacramento and the natural beauty of the Sierra Nevada foothills, making it an attractive location for both homeowners and investors. Rescue, California, is renowned for its scenic beauty and outdoor recreational opportunities, including nearby parks, lakes, and hiking trails. Residents enjoy a high quality of life with access to top-rated schools, shopping centers, and dining venues, making it an ideal place to call home for those seeking a balance between urban convenience and rural charm.
Benefits of Bridge Loans in Rescue, California
