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Navigating the process of buying a new home in Ripon, 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 Ripon, CA or getting it ready for the market.
Identify the new home you want to buy in Ripon, 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 Ripon, 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 Ripon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ripon, 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 Ripon, 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 Ripon, 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 Ripon, 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 Ripon, 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 Ripon offer a valuable financing option for homebuyers who need to bridge the gap between the purchase of a new home and the sale of their current one. They provide flexibility and speed, allowing buyers to secure funds quickly without having to wait for their existing home to sell. Demographics: Ripon, California, is a charming city with a population of approximately 15,000 residents. The community is known for its family-friendly environment, excellent schools, and a strong sense of community spirit. Housing Market: The housing market in Ripon is competitive yet diverse, offering a range of housing options from historic homes to modern developments. Bridge loans can help buyers navigate this competitive market by providing them with the funds needed to make competitive offers and secure their dream home. Main Attractions: Ripon boasts a variety of attractions, including the Mistlin Sports Park, Ripon Historical Society Museum, and the popular Spring Creek Golf & Country Club. The city's close proximity to attractions like Yosemite National Park and the Bay Area make it an ideal location for both families and outdoor enthusiasts.
Benefits of Bridge Loans in Ripon, California
