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Navigating the process of buying a new home in Costa Mesa, 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 Costa Mesa, CA or getting it ready for the market.
Identify the new home you want to buy in Costa Mesa, 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 Costa Mesa, 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 Costa Mesa, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Costa Mesa, 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 Costa Mesa, 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 Costa Mesa, 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 Costa Mesa, 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 Costa Mesa, 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 Costa Mesa offer numerous benefits to homeowners and real estate investors. These short-term loans provide quick access to funds for purchasing a new property while waiting for the sale of an existing one. They can help avoid missed opportunities and bridge financial gaps during transitional periods. Demographically, Costa Mesa is a vibrant city in Orange County, California, with a population of approximately 113,000. The city boasts a diverse community with a median age of 33.7 years. It is known for its thriving arts and culture scene, making it an attractive place to live for people of all ages and backgrounds. The housing market in Costa Mesa is competitive yet diverse, offering a range of options from single-family homes to condos and apartments. The median home price is around $825,000, with a steady appreciation rate. Bridge loans can be a valuable tool in this market, allowing buyers to act quickly and secure their dream home. Costa Mesa is home to several main attractions, including the vibrant South Coast Plaza shopping center, the Segerstrom Center for the Arts, and the popular OC Fair & Event Center. Its proximity to beautiful beaches and outdoor recreational areas also makes it a sought-after destination for residents and visitors alike.
Bridge Loans in Costa Mesa, California
