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Navigating the process of buying a new home in Duarte, 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 Duarte, CA or getting it ready for the market.
Identify the new home you want to buy in Duarte, 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 Duarte, 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 Duarte, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Duarte, 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 Duarte, 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 Duarte, 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 Duarte, 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 Duarte, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions for homeowners looking to purchase a new property before selling their current one. In Duarte, California, these loans can help facilitate a smooth transition between properties without the stress of timing issues. Demographics: Duarte, California has a diverse population with a mix of young professionals, families, and retirees. The median household income is above the national average, and the city boasts a strong sense of community and a range of amenities for residents. Housing Market: The housing market in Duarte is stable, with a mix of single-family homes, townhouses, and apartments. The median home price is competitive compared to neighboring areas, making it an attractive location for buyers and investors alike. Main Attractions: Duarte offers a variety of attractions, including the picturesque Duarte Recreational Trail, the historical Andres Duarte Statue, and the popular shopping and dining destination, Duarte Town Center. With its close proximity to the San Gabriel Mountains, outdoor activities are plentiful.
Bridge Loans Benefits in Duarte, California
