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Navigating the process of buying a new home in La Mirada, 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 Mirada, CA or getting it ready for the market.
Identify the new home you want to buy in La Mirada, 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 Mirada, 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 Mirada, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in La Mirada, 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 Mirada, 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 Mirada, 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 Mirada, 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 Mirada, 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 Mirada offer quick access to funds, bridging the financial gap during a home purchase. It provides flexibility to buy a new home before selling the current one, avoiding contingencies and long waiting periods. La Mirada, California, is a vibrant city with a population of diverse backgrounds. The median age is 38.9 years, with a mix of families, young professionals, and retirees. The city offers a range of amenities, from parks and recreational facilities to shopping centers and restaurants. The La Mirada housing market is competitive, with a median home value of $616,232. The market caters to various preferences, offering single-family homes, townhouses, and condos. Bridge loans can help buyers secure properties in this dynamic market while awaiting the sale of their current homes. Some of the main attractions in La Mirada include the beautiful Biola University campus, the family-friendly Splash! La Mirada Regional Aquatics Center, and the lively La Mirada Theatre for the Performing Arts. Residents also enjoy easy access to nearby attractions like Disneyland and Knott's Berry Farm.
Benefits of Bridge Loans in La Mirada, California
