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Navigating the process of buying a new home in Bonita, 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 Bonita, CA or getting it ready for the market.
Identify the new home you want to buy in Bonita, 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 Bonita, 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 Bonita, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bonita, 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 Bonita, 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 Bonita, 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 Bonita, 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 Bonita, 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: A bridge loan can provide fast financing, allowing homebuyers in Bonita to secure a new property before selling their current one. This can prevent them from missing out on their dream home and offers flexibility in a competitive market. Demographics: Bonita, California, is a diverse community with a mix of families, young professionals, and retirees. The median household income is above the national average, contributing to a strong real estate market. Housing Market: The housing market in Bonita is competitive, with a mix of traditional single-family homes and modern developments. Bridge loans can give buyers an advantage by providing the necessary funds to secure a property quickly. Main Attractions: Bonita offers a range of attractions, including beautiful parks, hiking trails, and access to nearby beaches. The community also boasts excellent schools and a variety of dining and shopping options.
Bridge Loans in Bonita, California
