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Navigating the process of buying a new home in Bonsall, 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 Bonsall, CA or getting it ready for the market.
Identify the new home you want to buy in Bonsall, 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 Bonsall, 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 Bonsall, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bonsall, 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 Bonsall, 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 Bonsall, 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 Bonsall, 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 Bonsall, 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 Bonsall, California offer a convenient financing solution for homeowners looking to purchase a new home before selling their existing one. Demographically, Bonsall is a picturesque rural community in San Diego County, known for its equestrian estates, vineyards, and avocado orchards. With a population of around 4,000 residents, the town offers a peaceful retreat from the bustle of city life. In terms of the housing market, Bonsall is experiencing steady growth in property values, making it an attractive investment opportunity. The median home price is $700,000, with a range of housing options from sprawling ranch-style homes to luxury estates. Main attractions in Bonsall include the San Luis Rey Downs golf course, the San Luis Rey Training Center for horse racing enthusiasts, and the scenic Bonsall Preserve for outdoor activities such as hiking and bird watching.
Benefits of Bridge Loans in Bonsall, California
