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Navigating the process of buying a new home in Silverado, 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 Silverado, CA or getting it ready for the market.
Identify the new home you want to buy in Silverado, 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 Silverado, 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 Silverado, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Silverado, 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 Silverado, 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 Silverado, 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 Silverado, 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 Silverado, 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 Silverado, California provide a valuable financial tool for individuals looking to purchase a new home before selling their existing one. These loans offer short-term financing, bridging the gap between the sale of the current property and the purchase of a new one. Silverado, California, located in the heart of Orange County, boasts a diverse demographic with a mix of families, young professionals, and retirees. The community values outdoor activities, stunning natural landscapes, and a close-knit neighborhood feel. The housing market in Silverado is characterized by high demand and limited inventory, making bridge loans an attractive option for buyers looking to secure their dream home quickly. The real estate market is competitive, with properties often receiving multiple offers above asking price. Aside from its housing market, Silverado offers a range of attractions for residents and visitors. From nearby hiking trails in the Cleveland National Forest to local wineries and eateries, there is something for everyone to enjoy in this picturesque community.
Benefits of Bridge Loans in Silverado, California
