Get Approved at The Lowest Rate
Navigating the process of buying a new home in Shingle Springs, 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 Shingle Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Shingle Springs, 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 Shingle Springs, 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 Shingle Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Shingle Springs, 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 Shingle Springs, 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 Shingle Springs, 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 Shingle Springs, 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 Shingle Springs, 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 offer a convenient financing solution for homeowners in Shingle Springs, California, looking to purchase a new home before selling their existing one. These loans provide short-term funding to bridge the gap between the sale of the current property and the purchase of a new one, enabling buyers to secure their dream home without the stress of timing constraints. Demographics in Shingle Springs reflect a mix of urban and rural living, with a population that enjoys a median household income above the national average. The community is known for its strong sense of local pride and close-knit neighborhoods, making it an ideal location for families and individuals seeking a vibrant yet peaceful lifestyle. The housing market in Shingle Springs is characterized by a diverse range of properties, from spacious ranch-style homes to modern townhouses. With a steady demand for housing driven by both locals and newcomers, the market offers opportunities for investment and growth. The median home value in the area has seen a gradual increase in recent years, depicting a favorable outlook for homeowners and investors alike. Shingle Springs boasts various attractions, including the picturesque Cameron Park Lake, known for its scenic trails and recreational activities. Residents can also explore the historic El Dorado County Wineries or enjoy outdoor adventures in the nearby Red Hawk Casino. With a range of dining options and shopping centers, Shingle Springs offers a balanced blend of entertainment and tranquility.
Benefits of Bridge Loans in Shingle Springs, California
