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Navigating the process of buying a new home in Sheridan, 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 Sheridan, CA or getting it ready for the market.
Identify the new home you want to buy in Sheridan, 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 Sheridan, 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 Sheridan, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sheridan, 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 Sheridan, 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 Sheridan, 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 Sheridan, 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 Sheridan, 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!
Benefits of Bridge Loans: Bridge loans offer a quick financing solution for homeowners looking to buy a new home before selling their current one. It provides flexibility in terms of repayment and can help avoid the need for a contingent offer, making the buying process smoother. Demographics: Sheridan, California, is a small rural town with a population of around 2,000 residents. The community is close-knit, and the majority of residents own their homes. The town has a mix of families, young professionals, and retirees, creating a diverse and welcoming atmosphere. Housing Market: The housing market in Sheridan is stable, with a median home price of $350,000. Bridge loans can be beneficial in this market to secure a new property quickly and take advantage of opportunities that arise without the delay of selling a current home first. Main Attractions: Sheridan offers a peaceful rural lifestyle with access to outdoor recreational activities such as hiking, biking, and fishing. The town also has local wineries, farmers' markets, and cultural events that showcase the charm and character of the community.
Benefits of Bridge Loans in Sheridan, California
