Get Approved at The Lowest Rate
Navigating the process of buying a new home in Yuba City, 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 Yuba City, CA or getting it ready for the market.
Identify the new home you want to buy in Yuba City, 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 Yuba City, 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 Yuba City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Yuba City, 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 Yuba City, 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 Yuba City, 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 Yuba City, 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 Yuba City, 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 Yuba City, California offer numerous benefits to homebuyers and sellers. These short-term loans provide quick financing that bridges the gap between the purchase of a new home and the sale of the current one. They enable borrowers to secure funds promptly, making it easier to move forward with a new purchase before selling their existing property. The demographics of Yuba City showcase a diverse and growing community. With a mix of young families, professionals, and retirees, the city offers a vibrant cultural scene and a range of dining options. The median age in Yuba City is 34, with a median household income of $54,859. In the housing market, Yuba City has seen steady growth in property values over the years. The average home price is $334,000, making it an affordable option for many buyers. Bridge loans can help individuals take advantage of this favorable market by providing flexible financing options without the need for a traditional mortgage. Yuba City boasts various attractions, including the Sutter Buttes, known as the world's smallest mountain range, and the Community Memorial Museum, which showcases the city's history. Residents and visitors can also enjoy outdoor activities at the Sutter Bike Trail and the Ellis Lake Park, making it an ideal place to call home.
Benefits of Bridge Loans in Yuba City, California
