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Navigating the process of buying a new home in Sugarloaf, 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 Sugarloaf, CA or getting it ready for the market.
Identify the new home you want to buy in Sugarloaf, 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 Sugarloaf, 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 Sugarloaf, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sugarloaf, 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 Sugarloaf, 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 Sugarloaf, 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 Sugarloaf, 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 Sugarloaf, 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 provide a valuable financing solution for homebuyers in Sugarloaf, California. These short-term loans bridge the gap between the purchase of a new home and the sale of an existing property. This allows buyers to secure their dream home without being contingent on the sale of their current one, offering flexibility and convenience. Sugarloaf, California, boasts a diverse demographic mix with a growing population of young professionals and families. The area's proximity to major employment centers like Los Angeles makes it an attractive location for commuters. The community is known for its strong sense of neighborhood and outdoor recreational opportunities, creating a welcoming environment for all residents. The housing market in Sugarloaf is dynamic and competitive, with a mix of traditional single-family homes and modern developments. The area has seen steady appreciation in property values, making it a sound investment for homebuyers. Bridge loans can provide buyers with the financial flexibility needed to secure properties in this thriving market. Main attractions in Sugarloaf include the picturesque Big Bear Lake, where residents and visitors can enjoy a variety of water sports and leisure activities. The surrounding San Bernardino National Forest offers hiking, biking, and camping opportunities, attracting outdoor enthusiasts year-round. Additionally, the area is home to charming local shops, restaurants, and cultural events, providing a vibrant community atmosphere.
The Benefits of Bridge Loans in Sugarloaf, California