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Navigating the process of buying a new home in Cathedral City, 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 Cathedral City, CA or getting it ready for the market.
Identify the new home you want to buy in Cathedral City, 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 Cathedral City, 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 Cathedral City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cathedral City, 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 Cathedral City, 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 Cathedral City, 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 Cathedral City, 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 Cathedral City, 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 flexibility to buyers in Cathedral City, California, providing short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This can help avoid delays and secure the desired property without being contingent on selling the existing home. Demographics: Cathedral City has a diverse population with a mix of families, retirees, and young professionals. The city has a growing LGBTQ community and is known for its inclusive atmosphere. The median age is around 36 years, and the median household income is approximately $50,000. Housing Market: The housing market in Cathedral City is dynamic, with a range of properties including single-family homes, condos, and luxury estates. The market has seen steady appreciation in recent years, making it an attractive investment opportunity for buyers. Bridge loans can facilitate quick purchases in this competitive market. Main Attractions: Cathedral City offers a variety of attractions, including the renowned Agua Caliente Casino, Desert Cinemas Theater, and the Mary Pickford Theatre. Outdoor enthusiasts can enjoy hiking at the nearby San Jacinto Mountains or exploring the popular Big League Dreams Sports Park.
Bridge Loans in Cathedral City, California
