Get Approved at The Lowest Rate
Navigating the process of buying a new home in Calimesa, 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 Calimesa, CA or getting it ready for the market.
Identify the new home you want to buy in Calimesa, 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 Calimesa, 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 Calimesa, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Calimesa, 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 Calimesa, 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 Calimesa, 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 Calimesa, 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 Calimesa, 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 Calimesa offer individuals an excellent financing solution when transitioning between properties, allowing them to purchase a new home before selling their current one. This bridge financing ensures a smooth transition without the stress of timing issues that can arise in real estate transactions. Calimesa, California, is a quaint city situated in Riverside County. With a population of around 8,348, it offers a peaceful suburban lifestyle. The median age of residents is 52, and the majority of the population consists of homeowners who benefit from the city's serene atmosphere and community-oriented living. The housing market in Calimesa is characterized by a mix of single-family homes and condos. The median home value is around $340,000, with a steady appreciation rate. The market is competitive, with properties spending an average of 33 days on the market. Bridge loans provide buyers with the financial flexibility to secure their dream home in this highly sought-after market. While in Calimesa, residents and visitors can enjoy various attractions such as the Calimesa Country Club, Cherry Valley Lakes Resort, and craft breweries like Packinghouse Brewing Co. The city's proximity to stunning natural landscapes like the San Bernardino National Forest offers outdoor enthusiasts ample opportunities for recreation and relaxation.
Benefits of Bridge Loans in Calimesa, California
