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Navigating the process of buying a new home in Selma, 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 Selma, CA or getting it ready for the market.
Identify the new home you want to buy in Selma, 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 Selma, 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 Selma, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Selma, 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 Selma, 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 Selma, 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 Selma, 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 Selma, 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 Selma, California offer a flexible financing option for homeowners who are looking to purchase a new home before selling their existing one. The main benefit is that it provides the necessary funds to make a down payment on a new property, bridging the financial gap between the sale of the current home and the purchase of the new one. Demographics: Selma, California, is a vibrant community with a diverse population. The city has a mix of families, young professionals, and retirees, creating a welcoming and inclusive environment for residents of all ages and backgrounds. Housing Market: The housing market in Selma offers a range of options, from charming single-family homes to modern apartments. With a steady demand for housing, property values have been appreciating, making it an attractive location for both homebuyers and investors. Main Attractions: Selma is known for its rich agricultural heritage, with attractions such as the Selma Flea Market and the annual Raisin Festival drawing visitors from near and far. The city also boasts picturesque parks, local wineries, and historical sites that showcase its unique charm.
Benefits of Bridge Loans in Selma, California
