Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Centro, 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 Centro, CA or getting it ready for the market.
Identify the new home you want to buy in El Centro, 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 Centro, 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 Centro, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Centro, 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 Centro, 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 Centro, 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 Centro, 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 Centro, 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 short-term financing solutions to bridge the gap between the purchase of a new property and the sale of an existing one. They provide flexibility, speed, and convenience for homebuyers, making it easier to secure a new home without contingencies. Demographics: El Centro, California, is a diverse city with a population of around 45,000 residents. The city has a mix of cultures and backgrounds, creating a vibrant community that celebrates its heritage through various events and festivals. Housing Market: El Centro's housing market offers a range of options, from single-family homes to apartments and condominiums. The city has a steady real estate market with affordable housing prices compared to neighboring areas, making it an attractive location for both first-time buyers and investors. Main Attractions: El Centro is renowned for its beautiful parks, such as the Bucklin Park and the Sunbeam Lake RV Resort, offering recreational activities for residents and visitors. The city also hosts the annual California Mid-Winter Fair, showcasing local agriculture, entertainment, and culture.
Bridge Loans in El Centro, California
