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Navigating the process of buying a new home in Somes Bar, 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 Somes Bar, CA or getting it ready for the market.
Identify the new home you want to buy in Somes Bar, 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 Somes Bar, 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 Somes Bar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Somes Bar, 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 Somes Bar, 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 Somes Bar, 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 Somes Bar, 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 Somes Bar, 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 homeowners in Somes Bar, California, who are looking to purchase a new property before selling their existing one. These short-term loans provide quick access to funds, bridging the gap between the sale of the old property and the purchase of the new one. Somes Bar, California, is a small community located in the Klamath National Forest. With a population of approximately 80 residents, Somes Bar offers a tranquil and close-knit environment for individuals looking to escape the hustle and bustle of city life. The housing market in Somes Bar is characterized by a mix of historical homes and picturesque properties surrounded by natural beauty. Bridge loans can help residents take advantage of these unique housing opportunities while ensuring a seamless transition between homes. Main attractions in Somes Bar include the scenic Klamath River, ideal for fishing and water activities, as well as the nearby Marble Mountains Wilderness, offering hiking and outdoor adventures for nature enthusiasts.
Benefits of Bridge Loans in Somes Bar, California
