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Navigating the process of buying a new home in Smith River, 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 Smith River, CA or getting it ready for the market.
Identify the new home you want to buy in Smith River, 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 Smith River, 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 Smith River, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Smith River, 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 Smith River, 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 Smith River, 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 Smith River, 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 Smith River, 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 financial solution for individuals in Smith River looking to purchase a new home before selling their existing one. This type of loan provides quick access to funds to facilitate a smooth transition without the need to wait for the sale of the old property. Smith River, California, boasts a diverse demographic makeup with a mix of families, young professionals, and retirees. The town has a strong sense of community and offers a peaceful and scenic environment, making it an ideal place for individuals looking to settle down or raise a family. The housing market in Smith River is characterized by a range of properties, including single-family homes, waterfront estates, and cozy apartments. The market is stable, with moderate appreciation rates, making it an attractive option for both homebuyers and investors looking for long-term growth potential. Some of the main attractions in Smith River include the breathtaking coastline, where residents can enjoy water activities such as fishing, kayaking, and surfing. The town also offers access to various hiking trails, parks, and local shops, providing residents with a relaxed and enjoyable lifestyle.
Benefits of Bridge Loans in Smith River, California
