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Navigating the process of buying a new home in Arcadia, 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 Arcadia, CA or getting it ready for the market.
Identify the new home you want to buy in Arcadia, 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 Arcadia, 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 Arcadia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arcadia, 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 Arcadia, 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 Arcadia, 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 Arcadia, 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 Arcadia, 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!
A bridge loan in Arcadia, California can be a valuable financial tool for buyers looking to purchase a new home before selling their current one. This type of loan provides temporary financing to bridge the gap between the sale of a current home and the purchase of a new one. Demographically, Arcadia is a diverse city with a mix of cultures. It has a population that enjoys a comfortable lifestyle with well-maintained neighborhoods and access to various amenities such as parks, schools, and shopping centers. The housing market in Arcadia is competitive with a strong demand for housing due to its convenient location, good schools, and pleasant climate. Property values have remained relatively stable, making it an attractive location for real estate investment. Main attractions in Arcadia include the famous Santa Anita Park racetrack, the Los Angeles County Arboretum and Botanic Garden, and the Westfield Santa Anita shopping mall. These attractions offer residents and visitors entertainment, relaxation, and shopping options.
Benefits of Bridge Loans in Arcadia, California
