Get Approved at The Lowest Rate
Navigating the process of buying a new home in Trinidad, 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 Trinidad, CA or getting it ready for the market.
Identify the new home you want to buy in Trinidad, 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 Trinidad, 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 Trinidad, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Trinidad, 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 Trinidad, 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 Trinidad, 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 Trinidad, 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 Trinidad, 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 Trinidad, California offer a unique financing solution for homebuyers. These loans provide funding to bridge the gap between the purchase of a new property and the sale of an existing one. One major benefit is the ability to secure funds quickly, allowing buyers to move forward with confidence without having to wait for their current home to sell. Demographically, Trinidad, California is a charming coastal town with a population of around 360 residents. Known for its stunning views of the Pacific Ocean, Trinidad attracts nature enthusiasts and retirees looking for a peaceful place to call home. The community is tight-knit, with a mix of long-time locals and newcomers drawn to the area's natural beauty. In terms of the housing market, Trinidad offers a diverse range of properties, from cozy beachfront cottages to spacious family homes. The market is competitive, with a median home price of around $700,000. Bridge loans can help buyers secure their dream home in this desirable location, providing flexibility and financial support during the transition process. Trinidad's main attractions include scenic spots like Trinidad State Beach, where visitors can enjoy whale watching and tidepooling. The town is also home to the Trinidad Head Lighthouse and nearby Redwood National and State Parks, offering endless opportunities for outdoor recreation and exploration.
Benefits of Bridge Loans in Trinidad, California
