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Navigating the process of buying a new home in Garden Grove, 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 Garden Grove, CA or getting it ready for the market.
Identify the new home you want to buy in Garden Grove, 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 Garden Grove, 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 Garden Grove, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, California offer a valuable financial solution for homeowners looking to transition smoothly from one property to another. These short-term loans provide immediate funds to cover the down payment on a new home before the sale of the existing one, preventing the need to wait for the current property to sell. Demographically, Garden Grove boasts a diverse population with a mix of cultures and backgrounds, creating a vibrant community atmosphere. The city is home to a large population of Asian Americans, particularly of Vietnamese descent, contributing to a rich tapestry of traditions and cuisines. In terms of the housing market, Garden Grove offers a range of housing options from single-family homes to apartments, providing opportunities for both buyers and renters. The market has seen steady growth in recent years, making it an attractive location for real estate investment and development. Some of Garden Grove's main attractions include the popular Main Street with its array of shops, restaurants, and entertainment venues. The city is also known for its annual Strawberry Festival, drawing visitors from near and far to celebrate the community's agricultural heritage.
Benefits of Bridge Loans in Garden Grove, California
