Get Approved at The Lowest Rate
Navigating the process of buying a new home in Del Rey, 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 Rey, CA or getting it ready for the market.
Identify the new home you want to buy in Del Rey, 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 Rey, 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 Rey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Del Rey, 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 Rey, 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 Rey, 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 Rey, 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 Rey, 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 Rey, California offer a convenient financing solution for homeowners looking to purchase a new home before selling their current property. These loans provide flexibility and ease the transition between homes, allowing individuals to access funds quickly and secure their dream home without delays. Demographically, Del Rey is a diverse and vibrant community located in Los Angeles with a mix of families, young professionals, and retirees. Known for its close-knit neighborhoods and strong sense of community, Del Rey offers residents a welcoming and inclusive environment to call home. The housing market in Del Rey is competitive yet dynamic, with a range of housing options available from single-family homes to modern condos. The market is characterized by steady appreciation rates and a high demand for properties, making it an attractive location for both buyers and sellers looking to invest in real estate. Some main attractions in Del Rey include the nearby Marina del Rey, known for its beautiful waterfront views and recreational activities. Additionally, residents can enjoy the convenience of shopping and dining at the vibrant Marina Marketplace or explore the natural beauty of the Ballona Wetlands Ecological Reserve.
Benefits of Bridge Loans in Del Rey, California
