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Navigating the process of buying a new home in Irvine, 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 Irvine, CA or getting it ready for the market.
Identify the new home you want to buy in Irvine, 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 Irvine, 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 Irvine, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Irvine, 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 Irvine, 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 Irvine, 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 Irvine, 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 Irvine, 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 Irvine, California provide a valuable financial tool for homeowners looking to buy a new home before selling their current one. These short-term loans offer quick access to funds without the constraints of a traditional mortgage, allowing individuals to bridge the gap between their current and new home. Demographically, Irvine, California, is known for its diverse population with a strong emphasis on education and a high number of young professionals. The city boasts a vibrant and inclusive community, making it an attractive place for families looking for a safe and family-friendly environment. The housing market in Irvine is characterized by a strong demand for housing, leading to steady property appreciation. With a mix of single-family homes, townhouses, and apartments, Irvine offers a variety of housing options to suit different needs and budgets, making it a desirable location for both buyers and investors. Some of the main attractions in Irvine include the Irvine Spectrum Center, a popular shopping and entertainment destination, and the Irvine Global Village Festival, where residents and visitors can experience a celebration of cultural diversity through food, music, and art. Additionally, Irvine's extensive network of parks and outdoor spaces provides ample opportunities for outdoor recreation and relaxation.
Benefits of Bridge Loans in Irvine, California
