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Navigating the process of buying a new home in Encinitas, 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 Encinitas, CA or getting it ready for the market.
Identify the new home you want to buy in Encinitas, 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 Encinitas, 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 Encinitas, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Encinitas, 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 Encinitas, 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 Encinitas, 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 Encinitas, 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 Encinitas, 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 to bridge the gap between buying a new home and selling your current one. They provide flexibility and a faster closing process compared to traditional loans, making them ideal for homebuyers in competitive markets like Encinitas. Demographics: Encinitas, located in San Diego County, has a population of around 60,000 residents. The city boasts a diverse community with a mix of young professionals, families, and retirees. The median household income is above the national average, making it an attractive location for homebuyers. Housing Market: Encinitas's housing market is competitive with a mix of single-family homes, townhouses, and condominiums. The median home price is above the national average but offers excellent value for its beachside location. Bridge loans can help buyers secure their dream home in this desirable area. Main Attractions: Encinitas is known for its beautiful beaches, including Moonlight State Beach and Swami's Beach, popular among surfers. The city also offers a vibrant downtown area with unique shops, cafes, and restaurants. Residents can enjoy a laid-back coastal lifestyle with easy access to outdoor activities and cultural events.
Bridge Loans in Encinitas, California
