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Navigating the process of buying a new home in Terra Bella, 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 Terra Bella, CA or getting it ready for the market.
Identify the new home you want to buy in Terra Bella, 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 Terra Bella, 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 Terra Bella, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Terra Bella, 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 Terra Bella, 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 Terra Bella, 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 Terra Bella, 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 Terra Bella, 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 to homeowners in Terra Bella, California, providing them with the flexibility to purchase a new home before selling their existing one. This allows for a smoother transition without the stress of timing constraints. Located in Tulare County, Terra Bella has a population of approximately 3,000 residents. The community boasts a diverse demographic mix, with a median household income of $42,000. The town is known for its strong sense of community and family-friendly atmosphere. The housing market in Terra Bella is dynamic, with a median home value of $220,000. Bridge loans can help residents take advantage of potential investment opportunities or upgrade to a larger property. With a growing real estate market, bridge loans can be a strategic financial tool for homeowners. Some main attractions in Terra Bella include the annual Citrus Festival celebrating the town's agricultural heritage, hiking and outdoor activities in nearby Sequoia National Park, and the Terra Bella Vineyard offering wine tastings and tours for residents and visitors alike.
Benefits of Bridge Loans in Terra Bella, California
