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Navigating the process of buying a new home in La Mesa, 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 Mesa, CA or getting it ready for the market.
Identify the new home you want to buy in La Mesa, 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 Mesa, 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 Mesa, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in La Mesa, 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 Mesa, 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 Mesa, 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 Mesa, 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 Mesa, 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 convenient financing option for individuals looking to purchase a new property before selling their existing one. In La Mesa, California, these loans provide the flexibility to secure a new home without having to wait for the current property to sell. This can be especially beneficial in competitive markets where quick transactions are necessary. Demographics: La Mesa has a diverse population of approximately 60,000 residents. The city boasts a mix of age groups, with a median age of 37 years old. The community is known for its strong sense of civic engagement and cultural diversity, making it an attractive place to live for people from various backgrounds. Housing Market: La Mesa's housing market is dynamic, with a variety of properties available to suit different preferences and budgets. The median home value in the city is around $600,000, showing steady appreciation over the years. Bridge loans can help buyers navigate this competitive market by providing the necessary funds to secure their dream homes. Main Attractions: La Mesa offers a range of attractions, including the popular Lake Murray for outdoor activities, such as hiking and fishing. The city is also known for its vibrant downtown area, which features a mix of restaurants, shops, and entertainment venues. With its close proximity to San Diego, residents of La Mesa enjoy easy access to beaches, parks, and cultural attractions.
Benefits of Bridge Loans in La Mesa, California
