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Navigating the process of buying a new home in Salida, 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 Salida, CA or getting it ready for the market.
Identify the new home you want to buy in Salida, 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 Salida, 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 Salida, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Salida, 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 Salida, 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 Salida, 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 Salida, 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 Salida, 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 Salida, California offer numerous benefits to homebuyers and sellers. They provide the flexibility to purchase a new home before selling an existing one, allowing for a smoother transition between properties. This can be especially helpful in competitive real estate markets where timing is crucial. Demographics in Salida, California paint a vibrant picture of the community. With a diverse population of residents, Salida is a welcoming place for families, young professionals, and retirees alike. The area is known for its strong sense of community and close-knit neighborhoods. The housing market in Salida, California is on the rise, offering a mix of modern developments and charming, established neighborhoods. Bridge loans can be a valuable tool in navigating this dynamic market, providing buyers with the financial support they need to secure their dream home. Salida, California boasts a range of main attractions that appeal to residents and visitors alike. From outdoor recreational activities such as hiking and biking to cultural hotspots like museums and local eateries, there is something for everyone to enjoy in this bustling community.
Benefits of Bridge Loans in Salida, California
