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Navigating the process of buying a new home in Hermosa Beach, 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 Hermosa Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, 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 Hermosa Beach, 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!
A bridge loan in Hermosa Beach can provide a seamless transition when buying a new home before selling your current property. It helps in securing the down payment for the new house while waiting to close the sale of the existing one. Demographically, Hermosa Beach is a coastal city in Los Angeles County, known for its young population, vibrant nightlife, and outdoor activities. The median age in Hermosa Beach is around 38, and the city offers a mix of renters and homeowners. The housing market in Hermosa Beach is competitive with high demand for beachfront properties. Bridge loans can be beneficial in this market by allowing buyers to act quickly on attractive properties without being contingent on selling their current homes. Some main attractions in Hermosa Beach include the famous Hermosa Pier, beautiful sandy beaches for outdoor activities like volleyball and surfing, as well as a variety of restaurants, bars, and shops along the waterfront.
Benefits of Bridge Loans in Hermosa Beach, California
