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Navigating the process of buying a new home in Spreckels, 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 Spreckels, CA or getting it ready for the market.
Identify the new home you want to buy in Spreckels, 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 Spreckels, 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 Spreckels, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Spreckels, 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 Spreckels, 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 Spreckels, 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 Spreckels, 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 Spreckels, 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 Spreckels, California offer various benefits, including providing immediate access to funds for purchasing a new home before selling the existing one. These loans bridge the gap between the sale of the current property and the purchase of a new one, offering flexibility and convenience to homeowners. Demographically, Spreckels, California, is a small village located in Monterey County. It has a population of around 750 residents, primarily consisting of families and retirees. The community has a close-knit feel, with a focus on preserving its historical roots and small-town charm. In terms of the housing market, Spreckels offers a range of property options, including single-family homes and quaint cottages. The market is known for its stability and steady appreciation, making it an attractive location for both homeowners and investors looking for long-term growth potential. Main attractions in Spreckels include the iconic Spreckels Sugar Company building, which serves as a reminder of the village's rich history in the sugar industry. Additionally, residents and visitors can enjoy the nearby natural beauty of the Salinas River and the scenic views of the surrounding agricultural landscape.
Benefits of Bridge Loans in Spreckels, California
