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Navigating the process of buying a new home in Truckee, 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 Truckee, CA or getting it ready for the market.
Identify the new home you want to buy in Truckee, 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 Truckee, 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 Truckee, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Truckee, 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 Truckee, 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 Truckee, 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 Truckee, 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 Truckee, 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 Truckee, California offer numerous benefits to homeowners and buyers. They provide a convenient financing option for those looking to purchase a new home before selling their current one. This type of loan can help bridge the gap between the sale of the existing property and the purchase of a new one, offering flexibility and financial support during the transition period. Truckee, California, located in the Sierra Nevada mountains, boasts a population of approximately 16,000 residents. The town attracts outdoor enthusiasts with its proximity to Lake Tahoe and numerous ski resorts. The demographics of Truckee show a mix of full-time residents and second homeowners, creating a vibrant community with a strong sense of adventure. The housing market in Truckee is competitive, with a range of properties available from cozy cabins to luxury estates. Bridge loans can help buyers navigate this market by providing quick access to funds for down payments and closing costs. With real estate prices on the rise, having financing options like bridge loans can give buyers a competitive edge in securing their dream home. Truckee offers a variety of attractions for residents and visitors alike. From world-class skiing and snowboarding in the winter to hiking, mountain biking, and water sports in the summer, the town is a mecca for outdoor activities. Additionally, Truckee's quaint downtown area is filled with charming shops, restaurants, and galleries, making it a popular destination for tourists exploring the region.
Bridge Loans in Truckee, California
