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Navigating the process of buying a new home in Somis, 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 Somis, CA or getting it ready for the market.
Identify the new home you want to buy in Somis, 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 Somis, 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 Somis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Somis, 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 Somis, 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 Somis, 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 Somis, 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 Somis, 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 Somis, California offer a crucial financial tool for homeowners looking to purchase a new property before selling their existing one. These loans provide short-term financing to bridge the gap between the sale of the current home and the purchase of a new one. They enable buyers to move quickly without being contingent on the sale of their current property, thus increasing their chances of securing the new home of their dreams. Somis, California, boasts a diverse population of around 3,000 residents. The area is known for its picturesque landscapes, including sprawling farms and orchards. With a mix of rural charm and proximity to urban centers like Los Angeles, Somis offers a unique blend of tranquility and convenience, making it an attractive place to live for individuals and families alike. The housing market in Somis, California, is dynamic and competitive. With a median home value exceeding the national average, the market caters to a range of buyers, from first-time homeowners to luxury property investors. Bridge loans serve as a valuable tool in this competitive market, enabling buyers to act quickly and secure their desired properties amidst rising demand and limited inventory. Some of the main attractions in Somis, California, include its scenic vineyards and wineries, offering residents and visitors alike a taste of the region's agricultural heritage. Additionally, outdoor enthusiasts can explore hiking trails, parks, and recreational areas that showcase the area's natural beauty. With a close-knit community and access to diverse amenities, Somis provides a welcoming and vibrant environment for residents to call home.
Bridge Loans Benefits in Somis, California
