Get Approved at The Lowest Rate
Navigating the process of buying a new home in Borrego Springs, 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 Borrego Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 can provide quick access to funding for purchasing a new property without having to sell an existing one first. This can be beneficial in high-demand markets like Borrego Springs, enabling buyers to secure their new home before selling the old one. Demographics: Borrego Springs has a population of around 3,000 residents, with a mix of retirees, seasonal visitors, and outdoor enthusiasts. The median age is 54, and the majority of residents own their homes. Housing Market: The housing market in Borrego Springs is known for its unique desert-style architecture and stunning mountain views. Property values have been appreciating steadily in recent years, making it an attractive investment opportunity for both residents and vacation home buyers. Main Attractions: Borrego Springs is home to the Anza-Borrego Desert State Park, the largest state park in California, offering hiking, camping, and stargazing opportunities. The town also hosts the Borrego Springs Desert Festival, showcasing local art and culture.
Bridge Loans in Borrego Springs, California
