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Navigating the process of buying a new home in Cypress, 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 Cypress, CA or getting it ready for the market.
Identify the new home you want to buy in Cypress, 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 Cypress, 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 Cypress, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cypress, 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 Cypress, 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 Cypress, 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 Cypress, 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 Cypress, 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 Cypress, California offer individuals a valuable financial tool to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide quick access to funds, allowing buyers to secure their new home without being contingent on selling their current one. Demographics: Cypress, California has a population of around 49,000 residents. The city boasts a diverse community with a mix of young families, professionals, and retirees. The median household income is approximately $90,000, showcasing a stable economic base. Housing Market: The housing market in Cypress is competitive with a mix of single-family homes and modern apartments. The median home price is $700,000, with a steady appreciation rate. Bridge loans facilitate the purchase of homes in this market, giving buyers an edge in the competitive environment. Main Attractions: Cypress offers a range of attractions, including the Cypress Community Center, Los Alamitos Race Course, and beautiful parks like Oak Knoll Park. The city's proximity to beaches and major cities like Los Angeles makes it a desirable place to live.
Benefits of Bridge Loans in Cypress, California
