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Navigating the process of buying a new home in Stonyford, 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 Stonyford, CA or getting it ready for the market.
Identify the new home you want to buy in Stonyford, 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 Stonyford, 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 Stonyford, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Stonyford, 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 Stonyford, 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 Stonyford, 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 Stonyford, 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 Stonyford, 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 Stonyford, California provide a flexible financing option for homebuyers who need to purchase a new home before selling their current property. These loans bridge the financial gap between the sale of their existing home and the purchase of a new one. Stonyford, California, with a population of approximately 250 residents, offers a close-knit community perfect for those seeking a peaceful and rural lifestyle. The town's demographics include a mix of families, retirees, and individuals looking to enjoy the tranquility of Northern California. The housing market in Stonyford is characterized by a range of single-family homes, ranch properties, and land parcels. With a median home price below the state average, Stonyford presents an attractive opportunity for buyers seeking affordable housing options in a picturesque setting. Main attractions in Stonyford include the nearby Mendocino National Forest, ideal for outdoor enthusiasts looking to explore hiking trails, campgrounds, and wildlife. The town also hosts community events like the Stonyford Rodeo, drawing visitors from neighboring areas for a taste of local culture and entertainment.
Benefits of Bridge Loans in Stonyford, California
