Get Approved at The Lowest Rate
Navigating the process of buying a new home in Corona Del Mar, 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 Corona Del Mar, CA or getting it ready for the market.
Identify the new home you want to buy in Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 offer a unique advantage to home buyers in Corona Del Mar by providing short-term financing to bridge the gap between the purchase of a new home and the sale of their existing property. This helps in securing the new property without the need to make a contingent offer. Corona Del Mar, a beautiful coastal neighborhood in Newport Beach, California, boasts a population of around 13,300 residents. With a median household income of $120,000, this affluent area attracts individuals seeking a luxurious lifestyle near the ocean. The housing market in Corona Del Mar is characterized by high demand due to its prime location and stunning ocean views. The median home value stands at around $2.5 million, making it a lucrative market for real estate investors and homeowners looking to capitalize on property appreciation. Some of the main attractions in Corona Del Mar include the picturesque Corona Del Mar State Beach, the Sherman Library and Gardens, and the Corona Del Mar Plaza. Residents and visitors alike can enjoy upscale shopping, dining, and outdoor activities in this charming seaside community.
Benefits of Bridge Loans in Corona Del Mar, California
