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Navigating the process of buying a new home in San Simeon, 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 Simeon, CA or getting it ready for the market.
Identify the new home you want to buy in San Simeon, 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 Simeon, 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 Simeon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Simeon, 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 Simeon, 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 Simeon, 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 Simeon, 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 Simeon, 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 a fast and flexible financing option for homebuyers in San Simeon. These loans can help bridge the gap between the purchase of a new home and the sale of the current one, providing liquidity and ensuring a smooth transition. Demographics in San Simeon show a mix of residents, including retirees attracted to the area's scenic beauty and mild climate, as well as young professionals seeking a tranquil coastal lifestyle. The community thrives on a strong sense of local pride and environmental consciousness. The housing market in San Simeon is characterized by a diverse range of properties, from coastal cottages to luxury estates. With a steady demand for second homes and vacation rentals, the market offers opportunities for both buyers and investors looking to capitalize on the area's tourism appeal. Main attractions in San Simeon include the historic Hearst Castle, a grandiose estate built by William Randolph Hearst, as well as the pristine beaches of San Simeon State Park, ideal for swimming, sunbathing, and exploring tide pools. The Piedras Blancas Elephant Seal Rookery is another popular destination for wildlife enthusiasts.
Benefits of Bridge Loans in San Simeon, California
