Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Segundo, 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 Segundo, CA or getting it ready for the market.
Identify the new home you want to buy in El Segundo, 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 Segundo, 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 Segundo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Segundo, 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 Segundo, 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 Segundo, 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 Segundo, 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 Segundo, 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 Segundo, California offer a convenient financing solution that can bridge the gap between the purchase of a new property before the sale of an existing one. This ensures a smoother transition without the need for contingencies on the existing property's sale. El Segundo, located in Los Angeles County, has a population of around 16,500 with a median age of 39. The city boasts a diverse community with a mix of families, professionals, and students due to its proximity to major universities and corporations. The housing market in El Segundo is competitive, with a median home value of around $1.3 million. The market is characterized by limited inventory and high demand, making bridge loans a valuable tool for buyers looking to secure their dream home quickly. Main attractions in El Segundo include the charming downtown area with shops and restaurants, the scenic Dockweiler State Beach, and the Automobile Driving Museum, showcasing vintage cars. The city's proximity to LAX also makes it a convenient location for travelers.
Benefits of Bridge Loans in El Segundo, California
