Get Approved at The Lowest Rate
Navigating the process of buying a new home in Fallbrook, 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 Fallbrook, CA or getting it ready for the market.
Identify the new home you want to buy in Fallbrook, 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 Fallbrook, 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 Fallbrook, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Fallbrook, 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 Fallbrook, 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 Fallbrook, 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 Fallbrook, 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 Fallbrook, 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 Fallbrook, California offer several advantages. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one. They provide quick access to funds, enabling buyers to make competitive offers without being contingent on the sale of their current property. Fallbrook, situated in San Diego County, has a diverse demographic mix. With a population of approximately 30,534, it boasts a blend of suburban and rural living. The median age is 38 years, and the majority of residents own their homes, creating a stable housing market for investment. The housing market in Fallbrook is dynamic and appealing. The median home value stands at $639,700, showing steady appreciation over the years. Bridge loans facilitate swift transactions in this competitive market, providing buyers with the needed financial leverage to secure their dream homes. Aside from its housing market, Fallbrook offers various attractions. Known as the "Avocado Capital of the World," it hosts the annual Fallbrook Avocado Festival, celebrating the region's agricultural richness. Other attractions include the Grand Tradition Estate and Gardens, offering beautiful venues for weddings and events.
Benefits of Bridge Loans in Fallbrook, California
