Get Approved at The Lowest Rate
Navigating the process of buying a new home in Bloomington, 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 Bloomington, CA or getting it ready for the market.
Identify the new home you want to buy in Bloomington, 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 Bloomington, 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 Bloomington, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bloomington, 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 Bloomington, 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 Bloomington, 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 Bloomington, 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 Bloomington, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions for those looking to purchase a new home before selling their existing one. They provide flexibility and convenience by bridging the gap between the sale of the current property and the purchase of a new one, helping buyers secure their dream home without delays. Demographics: Bloomington, California, has a diverse population with a mix of families, young professionals, and retirees. The area offers a suburban feel with many residents owning their homes. It is a tight-knit community with a range of cultural backgrounds, creating a vibrant and inclusive environment. Housing Market: Bloomington's housing market is competitive, with a steady demand for properties. Bridge loans can give buyers a competitive edge by providing the financial means to make quick offers on desirable homes. The market offers a range of housing options, from affordable starter homes to spacious family residences. Main Attractions: Bloomington boasts proximity to attractions such as the Glen Helen Regional Park, offering outdoor recreation activities like hiking and fishing. Residents also enjoy easy access to shopping centers, restaurants, and top-rated schools, making it an ideal location for families and individuals looking for a balanced lifestyle.
Bridge Loans in Bloomington, California
