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Navigating the process of buying a new home in Westport, 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 Westport, CA or getting it ready for the market.
Identify the new home you want to buy in Westport, 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 Westport, 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 Westport, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Westport, 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 Westport, 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 Westport, 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 Westport, 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 Westport, 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 Westport, California offer borrowers a crucial financial tool by providing short-term funding to bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility allows homeowners to move quickly, seize investment opportunities or tackle renovation projects without getting trapped by the potential liquidity constraints of owning multiple properties simultaneously. Demographics: Westport, California, boasts a diverse community with a mix of families, retirees, and young professionals. The town has a population of approximately 2000 residents, creating a close-knit and welcoming atmosphere. Housing Market: The housing market in Westport, California, offers a unique blend of seaside charm and tranquil living. With a variety of properties ranging from cozy beachfront cottages to modern family homes, there is something for everyone. Bridge loans facilitate quick access to these properties, making the dream of owning a home in this scenic town a reality. Main Attractions: Westport, California, is renowned for its stunning coastal views, pristine beaches, and outdoor recreational activities. Visitors and residents alike can enjoy whale watching, fishing, hiking, and exploring the nearby redwood forests, providing a perfect blend of relaxation and adventure.
Benefits of Bridge Loans in Westport, California
