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Navigating the process of buying a new home in Coachella, 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 Coachella, CA or getting it ready for the market.
Identify the new home you want to buy in Coachella, 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 Coachella, 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 Coachella, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coachella, 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 Coachella, 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 Coachella, 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 Coachella, 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 Coachella, 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 Coachella, California offer a range of advantages for homeowners. These short-term loans provide immediate funds for a down payment on a new home while awaiting the sale of the current property. This allows individuals to secure their dream home without the burden of owning two properties simultaneously. Demographically, Coachella, California, is a diverse and growing community. With a population primarily made up of young professionals and families, the city offers a dynamic and vibrant atmosphere. The median household income is above the national average, making it an attractive location for aspiring homeowners seeking bridge loans. The housing market in Coachella is thriving, with a steady increase in property values and demand. The availability of bridge loans has further fueled this growth, as individuals are more inclined to invest in real estate with the option of temporary financial assistance. The market offers a variety of housing options, from modern condos to spacious family homes. Coachella, California boasts a range of main attractions, including the renowned Coachella Valley Music and Arts Festival, which draws visitors from around the world. The city is also known for its picturesque landscapes, hiking trails, and cultural events, making it an appealing destination for residents and tourists alike.
Benefits of Bridge Loans in Coachella, California
