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Navigating the process of buying a new home in Santa Maria, 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 Santa Maria, CA or getting it ready for the market.
Identify the new home you want to buy in Santa Maria, 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 Santa Maria, 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 Santa Maria, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Maria, 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 Santa Maria, 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 Santa Maria, 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 Santa Maria, 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 Santa Maria, 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 Santa Maria offer quick access to funds for homeowners to purchase a new home before selling their current one. This flexibility helps avoid the contingent sale of their existing property, allowing smoother transitions. Demographics in Santa Maria show a diverse population of around 110,000 residents. Known for its agricultural industry, the city has a balanced mix of age groups, with a significant Hispanic community adding to its cultural richness. The housing market in Santa Maria is robust, with a mix of single-family homes and condos. The median home value is around $400,000, making it an appealing location for first-time buyers and families looking to settle in a vibrant community. Main attractions in Santa Maria include the Foxen Canyon Wine Trail, offering scenic vineyards and tasting rooms. The nearby Pacific Ocean provides beautiful beaches for outdoor enthusiasts, while the Santa Maria Museum of Flight appeals to history buffs and aviation enthusiasts.
Benefits of Bridge Loans in Santa Maria, California
