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Navigating the process of buying a new home in Strathmore, 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 Strathmore, CA or getting it ready for the market.
Identify the new home you want to buy in Strathmore, 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 Strathmore, 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 Strathmore, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Strathmore, 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 Strathmore, 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 Strathmore, 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 Strathmore, 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 Strathmore, 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 offer quick financing solutions for homebuyers, allowing them to bridge the gap between the purchase of a new home and the sale of their current property. In Strathmore, California, these loans are especially beneficial for those looking to seize investment opportunities or upgrade to a new home without the stress of overlapping mortgage payments. Demographically, Strathmore is a diverse community with a mix of families, professionals, and retirees. The town's population enjoys a close-knit feel, making it an ideal place for families looking for a safe and welcoming environment to settle down. In terms of the housing market, Strathmore offers a range of options from historic homes to newly built properties. The town has seen steady growth in property values, making it an attractive location for real estate investments. Bridge loans can help buyers capitalize on these opportunities by providing flexible and timely funding. Some main attractions in Strathmore include the beautiful Bravo Lake, a popular spot for fishing and picnicking, as well as the nearby Sequoia National Park, offering stunning natural beauty and outdoor recreational activities. The town also boasts a vibrant downtown area with local shops and restaurants, adding to its charm and appeal.
Bridge Loans Benefits in Strathmore, California
