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Navigating the process of buying a new home in Shasta Lake, 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 Shasta Lake, CA or getting it ready for the market.
Identify the new home you want to buy in Shasta Lake, 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 Shasta Lake, 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 Shasta Lake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shasta Lake, 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 Shasta Lake, 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 Shasta Lake, 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 Shasta Lake, 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 Shasta Lake, 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 can provide quick access to funds for homeowners in Shasta Lake who are looking to purchase a new property before selling their current one. This type of loan offers flexible terms and can bridge the gap between buying and selling, preventing clients from missing out on their dream home. Demographics Shasta Lake has a population of approximately 10,000 residents, with a median household income of $40,000. The city boasts a diverse community with a mix of families, young professionals, and retirees. It offers a peaceful suburban lifestyle with easy access to nature and outdoor activities. The housing market in Shasta Lake is dynamic, with a median home value of $250,000. The area offers a range of housing options, from cozy single-family homes to spacious waterfront properties. Bridge loans can be a valuable tool for buyers navigating this competitive market. Shasta Lake is renowned for its outdoor recreational opportunities, including boating, fishing, and hiking. Residents and visitors can explore the Shasta Dam, take a boat tour of the lake, or hike in the nearby Shasta-Trinity National Forest. The city also hosts community events and festivals throughout the year.
Benefits of Bridge Loans in Shasta Lake, California
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