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Navigating the process of buying a new home in Vernalis, 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 Vernalis, CA or getting it ready for the market.
Identify the new home you want to buy in Vernalis, 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 Vernalis, 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 Vernalis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vernalis, 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 Vernalis, 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 Vernalis, 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 Vernalis, 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 Vernalis, 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 numerous benefits to individuals in Vernalis, California. These short-term loans help bridge the gap between the sale of a current home and the purchase of a new one. They provide the flexibility and financial assistance needed to secure the new property without having to wait for the current home to sell. Vernalis, California, is a picturesque town known for its diverse population and strong sense of community. The demographics in Vernalis include a mix of families, young professionals, and retirees. The town offers a peaceful and family-friendly environment with access to good schools and various community amenities. The housing market in Vernalis is competitive yet offers affordable options for first-time buyers as well as luxury properties for those seeking upscale living. The median home price is reasonable compared to nearby cities, making it an attractive option for those looking to invest in real estate. Bridge loans can be a valuable tool in this market to help secure the ideal property without delays. Vernalis boasts a range of main attractions, including its beautiful parks, hiking trails, and local restaurants that showcase the town's vibrant culinary scene. The community often hosts events and festivals that bring residents together, creating a strong sense of belonging and a welcoming atmosphere for visitors.
Benefits of Bridge Loans in Vernalis, California
