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Navigating the process of buying a new home in Rio Nido, 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 Rio Nido, CA or getting it ready for the market.
Identify the new home you want to buy in Rio Nido, 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 Rio Nido, 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 Rio Nido, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rio Nido, 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 Rio Nido, 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 Rio Nido, 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 Rio Nido, 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 Rio Nido, 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 Rio Nido, California provide a valuable financial solution for individuals looking to purchase a new home before selling their current one. These loans offer short-term financing that can bridge the gap between buying a new property and selling an existing one, ensuring a seamless transition. Demographics: Rio Nido, California, is a vibrant community with a diverse population. The area is known for its close-knit neighborhoods, rich cultural heritage, and strong sense of community spirit. Residents of Rio Nido enjoy a high quality of life and access to excellent amenities and services. Housing Market: The housing market in Rio Nido, California, is dynamic and competitive. With a range of housing options available, from cozy bungalows to spacious family homes, the real estate market in Rio Nido offers something for everyone. The market is characterized by steady growth and offers excellent investment opportunities. Main Attractions: Rio Nido, California, is home to a variety of attractions and activities for residents and visitors alike. From the stunning Russian River for water activities to the beautiful Armstrong Redwoods State Natural Reserve for hiking and exploring nature, there is no shortage of things to see and do in Rio Nido.
Benefits of Bridge Loans in Rio Nido, California
