Get Approved at The Lowest Rate
Navigating the process of buying a new home in Big Bear Lake, 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 Big Bear Lake, CA or getting it ready for the market.
Identify the new home you want to buy in Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, 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 Big Bear Lake, California offer numerous benefits for home buyers and investors. These short-term loans provide quick financing to bridge the gap between the purchase of a new property and the sale of an existing one. They are ideal for those looking to secure a new home without waiting for their current property to sell. Bridge loans also offer flexible terms and competitive interest rates, making them a convenient option for many. Demographics: Big Bear Lake, California, is a popular tourist destination located in San Bernardino County. The area has a diverse population, with a mix of full-time residents and vacation homeowners. The town offers a range of recreational activities, making it an attractive place to live for outdoor enthusiasts and nature lovers. Housing Market: The housing market in Big Bear Lake is competitive, with a mix of primary residences and vacation homes. The area's natural beauty and recreational amenities attract buyers looking for a relaxed lifestyle. Bridge loans can help buyers secure properties in this competitive market quickly and efficiently. Main Attractions: Big Bear Lake is known for its picturesque lake, surrounded by mountains and pine forests. The town offers a variety of outdoor activities, including skiing, snowboarding, hiking, and boating. The area also features charming shops, restaurants, and entertainment venues, making it a popular destination for visitors and residents alike.
Benefits of Bridge Loans in Big Bear Lake, California
