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Navigating the process of buying a new home in San Ardo, 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 San Ardo, CA or getting it ready for the market.
Identify the new home you want to buy in San Ardo, 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 San Ardo, 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 San Ardo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Ardo, 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 San Ardo, 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 San Ardo, 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 San Ardo, 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 San Ardo, 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 San Ardo, California offer numerous advantages to both home buyers and sellers. One of the main benefits is the ability to quickly secure financing for a new home purchase while waiting for the sale of a current property. This can prevent delays in the home buying process and provide more negotiating power. Demographically, San Ardo is a small town located in Monterey County, California. The population is around 500 residents, offering a tight-knit community feel. The town is known for its rural charm and is a popular choice for those seeking a quieter lifestyle away from the bustling city. In terms of the housing market, San Ardo offers a mix of both historic homes and newer constructions. The real estate market is relatively stable, with a median home value of around $300,000. Bridge loans can be particularly helpful in such a market, allowing buyers to secure funds for a new home without having to sell their current property at a discounted price. Some main attractions in San Ardo include the beautiful San Ardo Vineyards, where visitors can enjoy wine tasting and scenic views of the surrounding area. The town is also a gateway to the Los Padres National Forest, offering outdoor enthusiasts plenty of opportunities for hiking, camping, and nature exploration.
Benefits of Bridge Loans in San Ardo, California
