Get Approved at The Lowest Rate
Navigating the process of buying a new home in South Lake Tahoe, 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 South Lake Tahoe, CA or getting it ready for the market.
Identify the new home you want to buy in South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe, 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 South Lake Tahoe offer various benefits for homeowners and homebuyers. These short-term loans can provide quick access to funds for purchasing a new property before selling an existing one. They can help bridge the gap between buying and selling, avoiding the need to make contingent offers. Demographically, South Lake Tahoe is a popular destination for both residents and tourists. With a population of around 21,000, the city sees an influx of visitors due to its beautiful lake, outdoor recreational activities, and proximity to ski resorts. The median household income is above the national average, making it an attractive location for real estate investments. The housing market in South Lake Tahoe is dynamic, with a mix of single-family homes, vacation rentals, and luxury properties. The market offers opportunities for both buyers and sellers, with competitive prices and a range of options to choose from. Bridge loans can facilitate swift transactions in this active real estate market. Main attractions in South Lake Tahoe include the stunning Lake Tahoe itself, known for its clear blue waters and surrounding mountains. Outdoor enthusiasts can enjoy activities like hiking, skiing, and water sports. The area also features casinos, restaurants, and entertainment venues, making it a vibrant and diverse community.
Benefits of Bridge Loans in South Lake Tahoe, California
