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Navigating the process of buying a new home in Stockton, 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 Stockton, CA or getting it ready for the market.
Identify the new home you want to buy in Stockton, 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 Stockton, 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 Stockton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stockton, 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 Stockton, 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 Stockton, 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 Stockton, 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 Stockton, 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 Stockton, California offer quick access to funds for homebuyers. They provide a temporary financing solution that allows individuals to purchase a new home before selling their existing one. This can be advantageous in competitive real estate markets where quick transactions are needed. Demographics: Stockton, California, has a diverse population with a mix of young professionals, families, and retirees. The city offers a rich cultural tapestry with Hispanic, Asian, and Caucasian communities blending harmoniously. Housing Market: Stockton's housing market is vibrant, with a range of housing options from historical homes to modern developments. Bridge loans can help buyers take advantage of opportunities in this dynamic market by providing flexible financing options. Main Attractions: Stockton boasts attractions like the Haggin Museum, the Stockton Arena, and the beautiful Oak Grove Regional Park. Residents can enjoy a variety of outdoor activities, cultural events, and entertainment options in this lively city.
Benefits of Bridge Loans in Stockton, California
