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Navigating the process of buying a new home in Summerland, 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 Summerland, CA or getting it ready for the market.
Identify the new home you want to buy in Summerland, 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 Summerland, 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 Summerland, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Summerland, 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 Summerland, 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 Summerland, 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 Summerland, 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 Summerland, 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!
Benefits of Bridge Loans: Bridge loans are excellent financial tools for individuals or families looking to buy a new home before selling their existing property. In Summerland, California, these loans provide the flexibility to secure a new home quickly without being contingent on the sale of the old property. This can give buyers a competitive edge in a hot real estate market. Demographics: Summerland, California, is a charming seaside community with a population of around 1,500 residents. The area is known for its picturesque beaches, upscale boutiques, and friendly community atmosphere. The majority of residents are professionals, retirees, and families attracted to the area's laid-back lifestyle. Housing Market: The housing market in Summerland is vibrant, with a mix of luxury estates, beachfront properties, and cozy bungalows. The median home value is above the national average, making it an attractive investment opportunity. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Summerland offers a variety of attractions, including Lookout Park with stunning ocean views, Summerland Beach for sunbathing and water sports, and local wineries for wine enthusiasts. The town's unique shops, galleries, and cafes add to its appeal as a desirable place to live.
Bridge Loans in Summerland, California
