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Navigating the process of buying a new home in Beaumont, 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 Beaumont, CA or getting it ready for the market.
Identify the new home you want to buy in Beaumont, 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 Beaumont, 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 Beaumont, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, 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 Beaumont, California can offer homeowners the flexibility to purchase a new property before selling their existing home. This type of financing provides a short-term solution to cover the down payment on a new house while waiting for the sale of the current one. It helps in avoiding the need to rush the sale of the current property. Demographically, Beaumont is a growing city in Riverside County, with a diverse population of around 50,000 residents. It has a mix of young families, professionals, and retirees, creating a vibrant community. The city's proximity to major highways and scenic landscapes makes it an attractive place to live. In terms of the housing market, Beaumont has seen steady appreciation in home values over the past few years. The real estate market offers a range of properties from single-family homes to new developments, catering to various preferences and budgets. With the help of bridge loans, buyers can take advantage of these opportunities. Some main attractions in Beaumont include the beautiful San Timoteo Canyon, the renowned Morongo Golf Club at Tukwet Canyon, and the nearby shopping and dining options at the Desert Hills Premium Outlets. The city also hosts community events and festivals throughout the year, fostering a strong sense of belonging among its residents.
Benefits of Bridge Loans in Beaumont, California
