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Navigating the process of buying a new home in Altadena, 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 Altadena, CA or getting it ready for the market.
Identify the new home you want to buy in Altadena, 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 Altadena, 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 Altadena, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Altadena, 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 Altadena, 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 Altadena, 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 Altadena, 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 Altadena, 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 offer immediate financing for individuals or businesses looking to purchase a new property before selling their current one. In Altadena, California, these loans provide the advantage of a quick and flexible funding option, allowing buyers to secure their dream home without waiting for their current property to sell. Demographics: Altadena has a diverse population with a mix of ethnicities, including Caucasian, African American, Hispanic, and Asian residents. The community is known for its strong sense of neighborhood pride and active community engagement. Housing Market: Altadena's housing market is competitive, with a range of properties from historic homes to modern developments. Bridge loans help buyers act fast in this market, giving them a competitive edge by enabling quick purchase decisions. Main Attractions: Altadena offers beautiful natural attractions such as the Angeles National Forest and Eaton Canyon. The area is also known for its cultural sites like the Cobb Estate and the historic Mount Lowe Railway. With a bridge loan, homeowners can quickly move into the vibrant Altadena community and enjoy all it has to offer.
The Benefits of Bridge Loans in Altadena, California
