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Navigating the process of buying a new home in Vidal, 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 Vidal, CA or getting it ready for the market.
Identify the new home you want to buy in Vidal, 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 Vidal, 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 Vidal, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Vidal, 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 Vidal, 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 Vidal, 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 Vidal, 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 Vidal, 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 a convenient financing solution for individuals looking to purchase a new property before selling their current home. In Vidal, California, where the real estate market can be competitive, bridge loans provide buyers with the flexibility to secure their dream home without the pressure of immediately selling their existing property. Demographically, Vidal is a small, tight-knit community located in San Bernardino County. With a population of around 200 residents, the town offers a peaceful and tranquil living environment, perfect for those seeking a break from the hustle and bustle of city life. The housing market in Vidal is diverse, with a range of property types available to suit different preferences and budgets. Bridge loans can help buyers capitalize on the opportunities in this market by providing quick access to funds for securing properties that meet their needs. Some of the main attractions in Vidal include its proximity to the beautiful Colorado River, offering residents and visitors the chance to enjoy water activities such as boating, fishing, and swimming. The town also boasts stunning desert landscapes, perfect for outdoor adventures like hiking and camping.
Benefits of Bridge Loans in Vidal, California
