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Navigating the process of buying a new home in Brea, 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 Brea, CA or getting it ready for the market.
Identify the new home you want to buy in Brea, 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 Brea, 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 Brea, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Brea, 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 Brea, 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 Brea, 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 Brea, 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 Brea, 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 and flexibility for homebuyers in Brea. They provide interim financing for individuals looking to purchase a new home before selling their current one, allowing for a smooth transition without missing out on the desired property. Demographics: Brea, California, has a population of approximately 45,000 residents. The city boasts a diverse community, with a median household income above the national average. The population consists of various age groups, making it an inclusive and vibrant place to live. Housing Market: Brea's housing market is strong, with a mix of single-family homes, townhouses, and apartments. The city has seen steady appreciation in property values over the years, making it an attractive investment opportunity. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Brea is known for its beautiful parks, shopping destinations like Brea Mall, and cultural spots like the Brea Gallery. The city offers a range of outdoor activities, dining options, and entertainment venues, making it a popular destination for residents and visitors alike.
Bridge Loans in Brea, California
