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Navigating the process of buying a new home in Riverbank, 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 Riverbank, CA or getting it ready for the market.
Identify the new home you want to buy in Riverbank, 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 Riverbank, 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 Riverbank, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Riverbank, 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 Riverbank, 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 Riverbank, 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 Riverbank, 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 Riverbank, 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 Riverbank, California offer numerous benefits to borrowers. They provide quick access to funds, allowing individuals to purchase a new home before selling their current one. This can help avoid the stress of timing the transactions perfectly. Demographically, Riverbank is a diverse community with a population of approximately 24,000 residents. The median household income is above the national average, making it an attractive location for homebuyers seeking stability and growth. The housing market in Riverbank is vibrant, with a mix of new developments and established neighborhoods. The median home price is competitive, offering a range of options for first-time buyers and investors alike. Main attractions in Riverbank include the Jacob Myers Park, a popular spot for outdoor activities and family gatherings. The city also boasts a vibrant downtown area with shops, restaurants, and community events that contribute to its charm and appeal.
Benefits of Bridge Loans in Riverbank, California
