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Navigating the process of buying a new home in Sierra City, 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 Sierra City, CA or getting it ready for the market.
Identify the new home you want to buy in Sierra City, 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 Sierra City, 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 Sierra City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sierra City, 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 Sierra City, 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 Sierra City, 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 Sierra City, 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 Sierra City, 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 Sierra City, California offer a convenient financing solution for homeowners who are looking to purchase a new home before selling their current one. This type of loan provides interim financing, allowing individuals to bridge the gap between the sale of their existing property and the purchase of a new one. Demographically, Sierra City, California is a small, picturesque town nestled in the Sierra Nevada Mountains. With a population of approximately 220 residents, this community offers a peaceful and close-knit environment, making it an ideal place for those seeking a serene lifestyle. In terms of the housing market, Sierra City boasts a mix of charming historic homes and modern properties. The real estate market in this area is characterized by its stability and affordability, making it an attractive option for both first-time homebuyers and seasoned investors. Some main attractions in Sierra City include the stunning Yuba River, which offers opportunities for fishing, kayaking, and hiking. The town is also home to the Kentucky Mine Museum, providing visitors with a glimpse into the area's rich mining history. Additionally, the nearby Lakes Basin Recreation Area offers a plethora of outdoor activities, including camping and mountain biking.
Benefits of Bridge Loans in Sierra City, California
