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Navigating the process of buying a new home in Taft, 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 Taft, CA or getting it ready for the market.
Identify the new home you want to buy in Taft, 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 Taft, 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 Taft, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Taft, 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 Taft, 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 Taft, 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 Taft, 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 Taft, 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 Taft, California offer several benefits to homebuyers. They provide short-term financing that allows buyers to quickly purchase a new property before selling their existing one. This can be beneficial in a competitive market where sellers prefer offers without contingencies. Demographically, Taft is a diverse community with a mix of families, professionals, and retirees. The town has a population of around 9,327 and offers a pleasant suburban feel. The median household income is $57,208, and the median property value is $178,400. The housing market in Taft is stable, offering a range of options from cozy single-family homes to spacious estates. The average home price has been steadily increasing, making it a good investment opportunity. Bridge loans can help buyers secure properties in this growing market. Main attractions in Taft include the West Kern Oil Museum, showcasing the town's rich oil history, and Buena Vista Golf Course for outdoor enthusiasts. The community also hosts events like the Oildorado Days and the Taft Ale House Oktoberfest, providing a vibrant social scene for residents.
Benefits of Bridge Loans in Taft, California
