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Navigating the process of buying a new home in Coronado, 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 Coronado, CA or getting it ready for the market.
Identify the new home you want to buy in Coronado, 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 Coronado, 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 Coronado, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coronado, 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 Coronado, 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 Coronado, 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 Coronado, 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 Coronado, 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 Coronado, California offer numerous benefits to homeowners and buyers. They provide a short-term financing solution that allows individuals to purchase a new home before selling their existing one. This flexibility eliminates the pressure of timing the sale of one property with the purchase of another, making the transition smoother and less stressful. Coronado, California, known for its picturesque beaches and historic charm, is a sought-after location for residents and visitors alike. With a population of around 24,000, Coronado offers a mix of affluent and diverse demographics, including families, retirees, and military personnel from the nearby naval base. The housing market in Coronado is competitive, with a median home price of over $1.5 million. Bridge loans can give buyers a competitive edge by providing quick access to funds for a down payment, enabling them to secure their dream home in this desirable coastal community. Coronado boasts a range of attractions, including the iconic Hotel del Coronado, pristine beaches, and the historic downtown area filled with shops and restaurants. The city's proximity to San Diego and its vibrant cultural scene make it an ideal place to live or visit.
Benefits of Bridge Loans in Coronado, California
