Get Approved at The Lowest Rate
Navigating the process of buying a new home in Baldwin Park, 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 Baldwin Park, CA or getting it ready for the market.
Identify the new home you want to buy in Baldwin Park, 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 Baldwin Park, 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 Baldwin Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Baldwin Park, 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 Baldwin Park, 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 Baldwin Park, 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 Baldwin Park, 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 Baldwin Park, 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 Baldwin Park, California offer a range of benefits for homebuyers. One key advantage is the ability to secure financing quickly, enabling buyers to close on a new home before selling their existing property. This can prevent the stress of timing constraints and allow for a seamless transition between homes. Additionally, bridge loans provide flexibility in down payments and offer competitive interest rates, making them a valuable tool for those navigating the competitive real estate market in Baldwin Park. Demographics: Baldwin Park, California, is a diverse and vibrant community located in the San Gabriel Valley. The city has a population of approximately 75,000 residents, with a mix of cultural backgrounds that contribute to its unique charm. The median household income in Baldwin Park is around $58,000, with a median age of 32 years old. The city's population is predominantly Hispanic, adding to its rich tapestry of traditions and customs. Housing Market: The housing market in Baldwin Park is dynamic and competitive. The median home price in the area is $500,000, with a steady appreciation rate over the past few years. Bridge loans can be particularly beneficial in this market, as they allow buyers to act quickly on desirable properties and secure financing without delays. With a variety of housing options available, from single-family homes to condos and townhouses, Baldwin Park offers something for every buyer. Main Attractions: Baldwin Park boasts several main attractions that make it a desirable place to live. The Morgan Park is a popular outdoor destination with playgrounds, sports facilities, and walking paths. The Baldwin Park Historical Society Museum offers a glimpse into the city's rich history, while the nearby San Gabriel Mountains provide ample opportunities for outdoor recreation. Additionally, the city's proximity to Los Angeles makes it easy to access world-class dining, entertainment, and cultural amenities.
Benefits of Bridge Loans in Baldwin Park, California
