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Navigating the process of buying a new home in Rio Oso, 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 Oso, CA or getting it ready for the market.
Identify the new home you want to buy in Rio Oso, 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 Oso, 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 Oso, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rio Oso, 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 Oso, 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 Oso, 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 Oso, 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 Oso, 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 Oso, California offer numerous benefits to homeowners. They provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This type of loan helps avoid missed opportunities in the competitive housing market, making it easier to secure a new property. Rio Oso, California, is located in Sutter County. The area has a diverse population with a mix of families, young professionals, and retirees. The median household income is above the national average, and the community is known for its tight-knit neighborhoods and strong sense of community. The housing market in Rio Oso is competitive, with a mix of historic homes and newer developments. The real estate market has been steadily appreciating, making it a great investment opportunity. Bridge loans can help buyers move quickly in this fast-paced market and secure their dream home. Main attractions in Rio Oso include the beautiful Feather River, ideal for outdoor activities like fishing, boating, and picnicking. The nearby Sutter Buttes offer stunning views and hiking trails. The region also boasts local wineries and farmers' markets, showcasing the area's agricultural roots.
Benefits of Bridge Loans in Rio Oso, California
