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Navigating the process of buying a new home in Glendora, 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 Glendora, CA or getting it ready for the market.
Identify the new home you want to buy in Glendora, 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 Glendora, 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 Glendora, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glendora, 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 Glendora, 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 Glendora, 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 Glendora, 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 Glendora, 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 Glendora offer a valuable solution for homebuyers transitioning between the sale of a current home and the purchase of a new one. These loans provide temporary financing to bridge the gap, allowing buyers to secure their new property without delays. Demographics: Glendora, California, is a vibrant city with a diverse population. The city has a mix of young professionals, families, and retirees, creating a dynamic community atmosphere. The median household income is above the national average, and the city boasts excellent schools and a low crime rate. Housing Market: Glendora's housing market is competitive, with a mix of single-family homes and condominiums. The market has shown steady growth over the past few years, making it an attractive option for both buyers and sellers. Bridge loans can be particularly beneficial in this market to facilitate quick transactions. Main Attractions: Glendora offers a range of attractions, including the picturesque South Hills, Azusa Canyon, and the Glendora Country Club. Residents can enjoy hiking, shopping in the vibrant downtown area, and exploring the city's rich history at the Glendora Historical Society Museum.
Benefits of Bridge Loans in Glendora, California
