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Navigating the process of buying a new home in Woodlake, 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 Woodlake, CA or getting it ready for the market.
Identify the new home you want to buy in Woodlake, 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 Woodlake, 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 Woodlake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodlake, 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 Woodlake, 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 Woodlake, 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 Woodlake, 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 Woodlake, 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!
Benefits of Bridge Loans: Bridge loans in Woodlake, California offer quick financing solutions for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide flexibility and convenience, bridging the gap between buying and selling. Demographics: Woodlake, California, is a diverse community with a population of around 7,000 residents. The town has a mix of families, young professionals, and retirees, creating a vibrant and welcoming atmosphere. Housing Market: The housing market in Woodlake, California, is robust, with a range of properties available to suit different tastes and budgets. The median home value is around $250,000, making it an attractive option for first-time buyers and investors. Main Attractions: Woodlake offers a variety of attractions, including the scenic Bravo Lake, perfect for outdoor activities like fishing and picnicking. The town also boasts charming local shops, restaurants, and community events that showcase its unique character and charm.
Bridge Loans in Woodlake, California
