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Navigating the process of buying a new home in Yolo, 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 Yolo, CA or getting it ready for the market.
Identify the new home you want to buy in Yolo, 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 Yolo, 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 Yolo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Yolo, 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 Yolo, 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 Yolo, 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 Yolo, 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 Yolo, 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 Yolo, California provide a convenient financing option for homeowners looking to purchase a new property before selling their existing one. These loans offer short-term funding to bridge the financial gap between the purchase of a new home and the sale of the current one. Demographically, Yolo County in California is known for its diverse population, with a mix of urban and rural areas. The county has a strong sense of community and offers a high quality of life, making it an attractive place for individuals and families alike. In terms of the housing market, Yolo County has seen steady appreciation in home values over the past few years. The real estate market is competitive, with a range of housing options available from historic homes in charming neighborhoods to modern developments with luxury amenities. Yolo, California is home to various attractions, including the UC Davis Arboretum, Cache Creek Casino Resort, and the Mondavi Center for the Performing Arts. The area also boasts beautiful parks, local wineries, and a vibrant culinary scene, making it a desirable place to live and visit.
Benefits of Bridge Loans in Yolo, California
