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Navigating the process of buying a new home in Santa Ynez, 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 Ynez, CA or getting it ready for the market.
Identify the new home you want to buy in Santa Ynez, 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 Ynez, 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 Ynez, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Ynez, 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 Ynez, 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 Ynez, 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 Ynez, 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 Ynez, 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 Ynez, California offer a practical solution for individuals looking to purchase a new home before selling their current one. These loans provide short-term financing that bridges the gap between the sale of the old property and the purchase of the new one. Demographically, Santa Ynez is an affluent community in Santa Barbara County with a population that appreciates the convenience and flexibility that bridge loans offer. The area is known for its picturesque vineyards, upscale dining options, and a strong sense of community. The housing market in Santa Ynez is competitive, with a mix of luxury estates, ranch properties, and charming single-family homes. Bridge loans can give buyers a competitive edge by allowing them to make quick offers on desirable properties without the constraints of waiting for their current home to sell. Some of the main attractions in Santa Ynez include the Chumash Casino Resort, the Danish town of Solvang, and numerous wine tasting rooms. Bridge loans enable residents to take advantage of these attractions by providing timely access to funds for their new home purchases.
Benefits of Bridge Loans in Santa Ynez, California
