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Navigating the process of buying a new home in El Cajon, 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 El Cajon, CA or getting it ready for the market.
Identify the new home you want to buy in El Cajon, 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 El Cajon, 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 El Cajon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Cajon, 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 El Cajon, 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 El Cajon, 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 El Cajon, 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 El Cajon, 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 El Cajon offer a flexible financing option for homebuyers who need funds for a new home before selling their existing one. This short-term loan can help bridge the financial gap and provide quick access to cash. El Cajon, located in San Diego County, has a diverse population with a mix of cultures, including Hispanic, Caucasian, and Asian residents. The city offers a range of amenities, including parks, shopping centers, and restaurants, making it an attractive place to live for families and young professionals. The housing market in El Cajon is competitive, with a mix of single-family homes, townhouses, and apartments. The median home price is affordable compared to other areas in San Diego County, making it an appealing option for first-time homebuyers and investors.
The Benefits of Bridge Loans in El Cajon, California
