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Navigating the process of buying a new home in Sacramento, 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 Sacramento, CA or getting it ready for the market.
Identify the new home you want to buy in Sacramento, 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 Sacramento, 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 Sacramento, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sacramento, 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 Sacramento, 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 Sacramento, 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 Sacramento, 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 Sacramento, 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 offer fast access to funds for those looking to purchase a new home before selling their current one. In Sacramento, this can be particularly advantageous in a competitive market, allowing buyers to secure a property without contingencies. Demographics: Sacramento is a diverse city, with a population of over 500,000 residents. The city has a mix of young professionals, families, and retirees, creating a vibrant and inclusive community. Housing Market: Sacramento's housing market is on the rise, with increasing demand for homes in desirable neighborhoods. Bridge loans can help buyers act quickly in this competitive market, giving them an edge over other buyers who may be relying on traditional financing. Main Attractions: Sacramento offers a rich history, with attractions such as the California State Capitol, Old Sacramento Waterfront, and the Crocker Art Museum. Residents can also enjoy the city's proximity to outdoor recreational areas like the American River Parkway.
Benefits of Bridge Loans in Sacramento, California
