Get Approved at The Lowest Rate
Navigating the process of buying a new home in Compton, 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 Compton, CA or getting it ready for the market.
Identify the new home you want to buy in Compton, 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 Compton, 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 Compton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Compton, 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 Compton, 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 Compton, 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 Compton, 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 Compton, 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 provide a critical financial tool for homebuyers in Compton, California, by offering short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. One of the significant benefits of bridge loans is the speed of approval and funding, which can help buyers secure their dream home quickly without delays. Compton, with a diverse population of over 95,000 residents, is a vibrant city in Los Angeles County. The demographics of Compton reflect a rich cultural tapestry, including a mix of African American, Hispanic, and white residents. The city's strong sense of community and cultural heritage make it a welcoming place to call home. The housing market in Compton offers a range of options, from traditional single-family homes to modern condos and townhouses. While the market is competitive, with rising prices, bridge loans can give buyers a competitive edge by providing the necessary funds to make strong offers and secure properties in a timely manner. Compton boasts several main attractions that make it a desirable place to live, including the picturesque Magic Johnson Park, which offers recreational amenities for residents of all ages. The city is also known for its vibrant arts scene, with local galleries and events showcasing the talents of Compton's creative community.
Bridge Loans in Compton, California
