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Navigating the process of buying a new home in Waterford, 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 Waterford, CA or getting it ready for the market.
Identify the new home you want to buy in Waterford, 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 Waterford, 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 Waterford, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Waterford, 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 Waterford, 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 Waterford, 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 Waterford, 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 Waterford, 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 Waterford, California offer a convenient solution for homeowners who need short-term financing. These loans provide quick access to funds to purchase a new home before selling their current one, helping to bridge the gap in financing. Waterford, California is a quaint town located in Stanislaus County. With a population of approximately 8,500 residents, Waterford boasts a tight-knit community with a friendly atmosphere. The town is known for its beautiful parks, recreational facilities, and excellent schools, making it an ideal place to raise a family. The housing market in Waterford is stable, with a mix of single-family homes and new developments. The median home price in Waterford is affordable compared to nearby cities, making it an attractive option for first-time homebuyers and investors. Bridge loans can help buyers secure their dream home in this competitive market. Some of the main attractions in Waterford include the Stanislaus River, where residents can enjoy fishing, boating, and picnicking. The town also features several parks, hiking trails, and local shops and restaurants. With its close proximity to Yosemite National Park, Waterford is a gateway to outdoor adventures and natural beauty.
The Benefits of Bridge Loans in Waterford
