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Navigating the process of buying a new home in Descanso, 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 Descanso, CA or getting it ready for the market.
Identify the new home you want to buy in Descanso, 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 Descanso, 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 Descanso, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Descanso, 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 Descanso, 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 Descanso, 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 Descanso, 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 Descanso, 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 offer a flexible financing solution for homeowners in Descanso, California, allowing them to purchase a new home before selling their current one. This helps avoid the stress of timing the sale and purchase perfectly, providing financial flexibility and ensuring a smooth transition. Descanso, California, is a picturesque rural community with a population of around 1,500 residents. Known for its beautiful natural surroundings, including oak forests and mountain views, Descanso offers a peaceful retreat from the hustle and bustle of city life. The housing market in Descanso is characterized by a mix of single-family homes, ranch properties, and vacant land. With a median home value of around $450,000, the market is stable and offers opportunities for both buyers and sellers. Bridge loans can help homeowners take advantage of favorable market conditions and secure their dream home. Some of the main attractions in Descanso include the Descanso Gardens, a stunning botanical garden featuring a variety of plant species, and the Descanso Junction Restaurant, known for its delicious comfort food and friendly atmosphere. Outdoor enthusiasts can explore the nearby Cuyamaca Rancho State Park, offering hiking, camping, and picnicking opportunities.
Benefits of Bridge Loans in Descanso, California
