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Navigating the process of buying a new home in Yermo, 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 Yermo, CA or getting it ready for the market.
Identify the new home you want to buy in Yermo, 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 Yermo, 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 Yermo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Yermo, 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 Yermo, 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 Yermo, 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 Yermo, 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 Yermo, 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 Yermo, California offer a flexible financing option that allows homeowners to bridge the gap between the purchase of a new home and the sale of their existing property. This can be particularly beneficial for those looking to buy a new home without having sold their current one. Demographics: Yermo, California, has a diverse population with a mix of families, retirees, and working professionals. The town has a small-town charm with a tight-knit community feel, making it an attractive place to live for those seeking a peaceful and close-knit environment. Housing Market: The housing market in Yermo, California, is relatively stable with steady appreciation in property values over the years. Bridge loans can provide buyers with the financial flexibility needed to secure a new property in this competitive market, while giving them time to sell their current home at a favorable price. Main Attractions: Yermo, California, is close to major attractions such as Calico Ghost Town, where visitors can explore the old mining town and experience the rich history of the area. The town also offers easy access to Mojave National Preserve, making it an ideal location for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Yermo, California
