Get Approved at The Lowest Rate
Navigating the process of buying a new home in 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 Del Mar, CA or getting it ready for the market.
Identify the new home you want to buy in 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 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 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 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 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 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 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 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 in Del Mar, California offer individuals a convenient solution to bridge the financial gap between the purchase of a new home and the sale of their existing property. One of the primary benefits of bridge loans is the quick access to funds, enabling buyers to secure their new home without the need to wait for the sale of their current property. Del Mar, California, is a picturesque coastal town known for its affluent community and stunning ocean views. The town boasts a diverse population, with a median household income significantly higher than the national average, making it an attractive location for real estate investment and luxury living. The housing market in Del Mar is characterized by high property values and a competitive real estate landscape. Bridge loans provide buyers with the flexibility and financial leverage needed to navigate this market, giving them a competitive edge when making offers on desirable properties. Del Mar offers a range of attractions, including its famous Del Mar Racetrack, pristine beaches, and upscale shopping and dining options. Residents and visitors can enjoy a vibrant cultural scene, outdoor activities, and a relaxed coastal lifestyle in this charming seaside town.
Benefits of Bridge Loans in Del Mar, California
