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Navigating the process of buying a new home in Chula Vista, 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 Chula Vista, CA or getting it ready for the market.
Identify the new home you want to buy in Chula Vista, 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 Chula Vista, 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 Chula Vista, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chula Vista, 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 Chula Vista, 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 Chula Vista, 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 Chula Vista, 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 Chula Vista, 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 Chula Vista provide a quick financial solution for homebuyers by offering short-term financing to bridge the gap between the purchase of a new home and the sale of the old one. These loans allow buyers to secure their new property without needing to sell their existing home first. This can be particularly beneficial in a competitive market where quick purchases are necessary. Demographics Chula Vista, California, is a diverse city with a population of approximately 270,000 residents. The city boasts a mix of cultures, including Hispanic, Asian, and Caucasian populations, contributing to a vibrant and multicultural community. The city's proximity to the Mexican border also adds to its unique demographic makeup. The housing market in Chula Vista is robust, with a range of options to suit different preferences and budgets. The city offers a mix of single-family homes, townhouses, and apartments, providing housing solutions for a varied population. With increasing property values and a steady demand for housing, Chula Vista presents a favorable market for both buyers and sellers. Chula Vista boasts several main attractions, including the Chula Vista Marina, a beautiful waterfront area popular for boating and water activities. The city is also home to the renowned Mattress Firm Amphitheatre, a premier outdoor venue for concerts and events. Additionally, the Otay Ranch Town Center offers an array of shopping, dining, and entertainment options for residents and visitors.
Benefits of Bridge Loans in Chula Vista, California
Housing Market in Chula Vista
Main Attractions
