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Navigating the process of buying a new home in Huntington Park, 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 Huntington Park, CA or getting it ready for the market.
Identify the new home you want to buy in Huntington Park, 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 Huntington Park, 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 Huntington Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Huntington Park, 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 Huntington Park, 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 Huntington Park, 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 Huntington Park, 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 Huntington Park, 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 Huntington Park, California, provides unique advantages for homeowners. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. This financing option offers flexibility, allowing individuals to secure their dream home without being contingent on selling their existing property. Huntington Park, a diverse city located in Los Angeles County, has a population of approximately 58,000 residents. The community is made up of various ethnic groups, creating a vibrant cultural scene. The city's proximity to Los Angeles offers residents easy access to job opportunities and entertainment options in the metropolitan area. When considering the housing market in Huntington Park, California, it is essential to note the competitive nature of the real estate sector. Bridge loans can give buyers an edge in a fast-moving market, enabling them to make strong offers quickly. These loans provide access to funds needed to secure a new home before selling the current one, reducing the stress of timing constraints in real estate transactions. Some of the main attractions in Huntington Park include the historic Salt Lake Park, known for its recreational activities and community events. The city also boasts a range of shopping centers, dining venues, and cultural establishments that cater to residents of all ages. With its close proximity to popular attractions in Los Angeles, Huntington Park offers a convenient yet lively residential experience.
Bridge Loans in Huntington Park, California
