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Navigating the process of buying a new home in Dana Point, 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 Dana Point, CA or getting it ready for the market.
Identify the new home you want to buy in Dana Point, 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 Dana Point, 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 Dana Point, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point offer a flexible financing solution for homeowners looking to buy a new property before selling their current one. This option provides quick access to funds, bridging the gap between transactions. Dana Point, California, boasts a diverse population with a median age of around 47 years. The city has a mix of young families and retirees, creating a vibrant community with a range of activities and services catering to different age groups. The housing market in Dana Point is competitive, with a median home value of around $1.2 million. The area offers a variety of housing options, from luxury waterfront properties to cozy beach cottages, making it an attractive location for buyers and investors alike. Some of Dana Point's main attractions include the picturesque Doheny State Beach, the historic Dana Point Harbor, and the popular Dana Point Farmers Market. The city also hosts events like the Festival of Whales and the Tall Ships Festival, attracting visitors from near and far.
The Benefits of Bridge Loans in Dana Point, California
