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Navigating the process of buying a new home in Cerritos, 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 Cerritos, CA or getting it ready for the market.
Identify the new home you want to buy in Cerritos, 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 Cerritos, 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 Cerritos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, California offer a valuable financial solution for individuals looking to purchase a new home before selling their existing one. These loans provide immediate funds to cover the down payment and closing costs, enabling buyers to secure their dream home without waiting for their current property to sell. Cerritos, California is a vibrant city known for its diverse population, excellent schools, and strong sense of community. The city's population is a mix of diverse ethnicities, with a median household income higher than the national average. This creates a dynamic and inclusive environment for residents of all backgrounds. The housing market in Cerritos is competitive, with a mix of single-family homes, townhouses, and condos available for purchase. The market has seen steady growth in property values over the years, making it an attractive investment opportunity for both homeowners and investors. Bridge loans provide buyers with the flexibility and financial support needed to navigate this fast-paced market. Some main attractions in Cerritos include the Cerritos Center for the Performing Arts, the Cerritos Sculpture Garden, and the Cerritos Library. These cultural and recreational destinations offer residents and visitors a variety of entertainment options, further enhancing the appeal of living in this vibrant city.
Benefits of Bridge Loans in Cerritos, California
