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Navigating the process of buying a new home in Solvang, 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 Solvang, CA or getting it ready for the market.
Identify the new home you want to buy in Solvang, 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 Solvang, 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 Solvang, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Solvang, 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 Solvang, 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 Solvang, 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 Solvang, 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 Solvang, 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 quick financing for individuals looking to purchase a new property before selling their existing one. This can help avoid the stress of timing constraints in real estate transactions. Demographics: Solvang is a charming Danish village located in the Santa Ynez Valley. It attracts tourists with its unique architecture and rich cultural heritage. The population primarily consists of Caucasian residents with a median age of 49. Housing Market: The housing market in Solvang is characterized by a mix of historical homes and modern properties. The median home price is around $700,000, making it an attractive location for both primary residents and vacation home buyers. Main Attractions: Solvang is known for its Danish bakeries, wine tasting rooms, and artisan shops. Visitors can enjoy exploring the Old Mission Santa Inés, Hans Christian Andersen Park, and experiencing the annual Solvang Danish Days festival.
Bridge Loans in Solvang, California
