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Navigating the process of buying a new home in Hawthorne, 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 Hawthorne, CA or getting it ready for the market.
Identify the new home you want to buy in Hawthorne, 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 Hawthorne, 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 Hawthorne, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hawthorne, 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 Hawthorne, 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 Hawthorne, 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 Hawthorne, 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 Hawthorne, 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 Hawthorne, California provide a valuable financial solution for individuals or families looking to purchase a new home before selling their current one. These short-term loans offer a bridge between the sale of the existing property and the purchase of a new one, enabling seamless transitions without the need to wait for the sale. Hawthorne, California, a diverse city in the greater Los Angeles area, boasts a population of approximately 88,000 residents. The city enjoys a mix of cultures, with a strong Hispanic and Black community presence, creating a vibrant and inclusive atmosphere for residents and visitors alike. The housing market in Hawthorne, California, offers a range of opportunities for both buyers and sellers. With a median home value of around $700,000, the market is competitive yet diverse, catering to various budgets and preferences. The city has seen steady appreciation in home values over the years, making it an attractive investment for potential buyers. Among the main attractions in Hawthorne is the iconic SpaceX headquarters, a major space exploration company founded by Elon Musk. Visitors can also explore the nearby beaches, such as Manhattan Beach, and enjoy the vibrant local dining and shopping scene. The city's central location provides easy access to other popular destinations in the Los Angeles area.
The Benefits of Bridge Loans in Hawthorne, California
