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Navigating the process of buying a new home in Yreka, 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 Yreka, CA or getting it ready for the market.
Identify the new home you want to buy in Yreka, 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 Yreka, 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 Yreka, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Yreka, 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 Yreka, 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 Yreka, 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 Yreka, 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 Yreka, 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 Yreka, California offer a convenient solution for homeowners who are looking to purchase a new home before selling their existing one. These short-term loans provide the necessary funds to bridge the gap between the sale of the current property and the purchase of a new one, preventing financial strain and allowing for a smoother transition. Yreka, California, located in Siskiyou County, has a population of approximately 7,600 residents. The town boasts a rich history, with well-preserved historic buildings and a charming downtown area. The demographics of Yreka include a mix of families, retirees, and young professionals, creating a diverse and welcoming community. In terms of the housing market, Yreka offers a range of options from historic homes to modern constructions. The market is relatively stable, with a median home price that is more affordable compared to larger urban areas in California. Bridge loans in Yreka can help facilitate the purchase of these homes, providing buyers with the flexibility they need to secure their dream property. Some of the main attractions in Yreka include the Siskiyou County Museum, the historic Greenhorn Park, and the popular Yreka Arts Center. Outdoor enthusiasts can enjoy the nearby scenic beauty of the Klamath National Forest and the Shasta-Trinity National Forest, offering ample opportunities for hiking, fishing, and other recreational activities.
Benefits of Bridge Loans in Yreka, California
