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Navigating the process of buying a new home in Bellflower, 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 Bellflower, CA or getting it ready for the market.
Identify the new home you want to buy in Bellflower, 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 Bellflower, 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 Bellflower, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bellflower, 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 Bellflower, 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 Bellflower, 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 Bellflower, 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 Bellflower, 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 Bellflower, California offer numerous benefits to homebuyers and property investors. These short-term loans help bridge the gap between the purchase of a new property and the sale of an existing one, providing immediate access to funds for down payments and closing costs. Demographically, Bellflower is a diverse city located in Los Angeles County, with a population of approximately 78,000 residents. The city's vibrant community reflects a mix of cultures and backgrounds, contributing to a rich tapestry of traditions and experiences. In terms of the housing market, Bellflower offers a range of opportunities for buyers and sellers alike. With a median home value of around $500,000, the market is competitive yet rewarding. Bridge loans can help buyers secure properties in this dynamic market, giving them a strategic advantage. Bellflower boasts several main attractions, such as the historic Simms Park, offering green spaces and recreational facilities for residents to enjoy. The city also features a variety of dining options, shopping destinations, and cultural venues, making it a vibrant and desirable place to live.
Benefits of Bridge Loans in Bellflower, California
