Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ridgecrest, 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 Ridgecrest, CA or getting it ready for the market.
Identify the new home you want to buy in Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, California offer numerous benefits to homeowners and investors. These short-term loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new property and the sale of an existing one. This can be particularly helpful in competitive real estate markets where quick financing is essential. Ridgecrest, California, with a population of approximately 29,000 residents, boasts a diverse community enriched by its proximity to the Sierra Nevada mountains and Death Valley National Park. The city's population is a mix of families, retirees, and military personnel due to its close proximity to the Naval Air Weapons Station China Lake. The local housing market in Ridgecrest offers a variety of options for buyers and investors. With a median home price below the state average, Ridgecrest presents affordable opportunities for those looking to purchase residential properties. The market has shown steady growth in recent years, making it an attractive location for both seasoned investors and first-time homebuyers. Ridgecrest is known for its outdoor recreational activities and attractions. Visitors and residents alike can explore the nearby Red Rock Canyon State Park, Trona Pinnacles, and Petroglyph Park. The city also hosts the Ridgecrest Petroglyph and Maturango Museums, offering unique insights into the area's history and culture.
Benefits of Bridge Loans in Ridgecrest, California
