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Navigating the process of buying a new home in Desert Hot Springs, 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 Desert Hot Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs offer a valuable financial solution for homebuyers. These short-term loans provide immediate funds to bridge the gap between the purchase of a new home and the sale of the current one, allowing for a smoother transition without the stress of timing constraints. Demographically, Desert Hot Springs is known for its diverse population, with a mix of retirees, young families, and professionals. The city boasts a warm climate and a close-knit community, making it an attractive destination for those seeking a relaxed yet vibrant lifestyle. In terms of the housing market, Desert Hot Springs has seen a steady rise in property values in recent years, making it a promising location for real estate investment. With a range of housing options from affordable condos to luxury estates, the city provides opportunities for various buyers and investors. Main attractions in Desert Hot Springs include the renowned mineral springs and spas, offering relaxation and wellness experiences. Outdoor enthusiasts can explore the nearby Joshua Tree National Park for hiking, camping, and scenic views, adding to the city's appeal as a hub for nature lovers.
Benefits of Bridge Loans in Desert Hot Springs, California
