Get Approved at The Lowest Rate
Navigating the process of buying a new home in Escondido, 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 Escondido, CA or getting it ready for the market.
Identify the new home you want to buy in Escondido, 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 Escondido, 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 Escondido, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Escondido, 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 Escondido, 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 Escondido, 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 Escondido, 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 Escondido, 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 Escondido, California offer numerous benefits for individuals looking to buy a new home before selling their current one. These short-term loans provide financial flexibility, allowing buyers to make a competitive offer without waiting for their existing home to sell. They can also help avoid the stress of juggling two mortgages simultaneously. Demographics: Escondido is a diverse city located in San Diego County, California. With a population of over 150,000 residents, it offers a mix of urban and suburban living. The city has a rich cultural heritage, reflected in its various neighborhoods and communities. Housing Market: Escondido's housing market is dynamic, with a range of options for buyers. The city offers a mix of single-family homes, townhouses, and apartments to accommodate different preferences and budgets. The market is competitive, making bridge loans a valuable tool for buyers looking to secure their dream home. Main Attractions: Escondido boasts several attractions, including the San Diego Zoo Safari Park, the California Center for the Arts, and numerous wineries. The city's vibrant downtown area offers shopping, dining, and entertainment options for residents and visitors alike.
Benefits of Bridge Loans in Escondido, California
