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Navigating the process of buying a new home in Imperial, 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 Imperial, CA or getting it ready for the market.
Identify the new home you want to buy in Imperial, 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 Imperial, 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 Imperial, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Imperial, 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 Imperial, 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 Imperial, 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 Imperial, 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 Imperial, 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 offer a flexible financing option for individuals looking to purchase a new home before selling their existing one. In Imperial, California, these loans provide a smooth transition without the need to rush the sale of the current property. Demographically, Imperial is a diverse city with a growing population. The city boasts a mix of young professionals, families, and retirees, creating a vibrant community. Its proximity to major highways and cities makes it an attractive location for those seeking convenience and a suburban lifestyle. The housing market in Imperial is characterized by steady growth and increasing property values. With a range of housing options from single-family homes to modern apartments, the real estate market caters to various needs and preferences. Bridge loans can help buyers secure their dream home in this competitive market. Imperial offers a range of attractions, including the Imperial Valley Mall, the Imperial Valley Expo, and scenic outdoor spaces like Sunbeam Lake Park. Residents enjoy a mix of cultural events, shopping opportunities, and outdoor activities, making it a desirable place to live and invest in real estate.
Benefits of Bridge Loans in Imperial, California
