Get Approved at The Lowest Rate
Navigating the process of buying a new home in La Jolla, 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 Jolla, CA or getting it ready for the market.
Identify the new home you want to buy in La Jolla, 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 Jolla, 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 Jolla, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in La Jolla, 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 Jolla, 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 Jolla, 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 Jolla, 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 Jolla, 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 Jolla offer several advantages to individuals looking to buy a new property before selling their current one. These short-term loans provide quick access to funds, allowing buyers to secure the new property without waiting for their existing home to sell. This helps in avoiding the stress of concurrent transactions and potentially securing a better deal on the new property. La Jolla, located in San Diego, California, boasts a diverse population with a median age of 39 years. The majority of residents hold college degrees, making it an intellectually vibrant community. The area is known for its upscale neighborhoods, stunning coastal views, and proximity to excellent schools and universities. The housing market in La Jolla is competitive, with a median home value above the national average. Bridge loans can give buyers a competitive edge by providing the necessary funds to make quick offers on desirable properties. Despite the high prices, the real estate market in La Jolla is stable, making it a sound long-term investment. Some of the main attractions in La Jolla include the picturesque La Jolla Cove, renowned for its crystal-clear waters and sea caves. The area also offers upscale shopping, dining, and cultural experiences. Residents and visitors alike enjoy outdoor activities such as hiking, surfing, and golfing in the beautiful California weather.
The Benefits of Bridge Loans in La Jolla, California
