Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Miguel, 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 Miguel, CA or getting it ready for the market.
Identify the new home you want to buy in San Miguel, 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 Miguel, 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 Miguel, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Miguel, 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 Miguel, 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 Miguel, 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 Miguel, 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 Miguel, 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 Miguel, California offer a range of benefits to homeowners and investors. These short-term loans provide quick financing solutions, allowing borrowers to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility can help individuals secure their dream home without being constrained by the sale timing of their previous property. San Miguel, California, situated in San Luis Obispo County, has a diverse demographic makeup. The population consists of a mix of young professionals, families, and retirees, creating a vibrant community atmosphere. The town is known for its picturesque landscapes, mild climate, and welcoming locals, making it an ideal place to call home. The housing market in San Miguel is dynamic and offers a variety of options for buyers and investors. With a mix of historic properties, modern homes, and new developments, there is something for everyone in terms of housing preferences. The market is competitive yet balanced, providing opportunities for both sellers looking to capitalize on their investments and buyers seeking their perfect property. San Miguel boasts several main attractions that draw visitors and residents alike. The area is known for its wineries, offering wine enthusiasts a chance to explore tasting rooms and vineyards. Additionally, the town's proximity to outdoor recreational areas such as parks, hiking trails, and scenic drives makes it a hub for nature lovers and adventurers.
Benefits of Bridge Loans in San Miguel, California
