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Navigating the process of buying a new home in La Crescenta, 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 La Crescenta, CA or getting it ready for the market.
Identify the new home you want to buy in La Crescenta, 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 La Crescenta, 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 La Crescenta, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in La Crescenta, 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 La Crescenta, 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 La Crescenta, 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 La Crescenta, 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 La Crescenta, 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 La Crescenta can offer borrowers short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. These loans provide flexibility in real estate transactions, allowing individuals to secure their dream home without being tied up by the sale process of their current property. La Crescenta, California, is a charming suburban community located in Los Angeles County. With a diverse population of around 20,000 residents, the area boasts a mix of young professionals, families, and retirees. The town is known for its top-rated schools, low crime rates, and a strong sense of community. The housing market in La Crescenta is competitive, with a mix of single-family homes and condominiums. The median home value is above the national average, making it an attractive investment for those seeking a suburban lifestyle within close proximity to Los Angeles. Bridge loans can help buyers navigate the market by providing quick access to funds for a down payment or closing costs. Some of the main attractions in La Crescenta include the beautiful parks and recreational facilities, hiking trails in the nearby Angeles National Forest, and the vibrant Montrose Shopping Park. Residents also enjoy easy access to cultural landmarks in Los Angeles, making La Crescenta an ideal location for those seeking a mix of suburban tranquility and urban amenities.
The Benefits of Bridge Loans in La Crescenta, California
