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Navigating the process of buying a new home in La Palma, 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 Palma, CA or getting it ready for the market.
Identify the new home you want to buy in La Palma, 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 Palma, 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 Palma, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in La Palma, 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 Palma, 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 Palma, 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 Palma, 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 Palma, 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 Palma, California offer numerous benefits for homebuyers. They provide a short-term financing solution for individuals looking to purchase a new home before selling their current one. This allows for a smoother transition without the stress of contingency clauses, facilitating a quicker purchase process. Demographically, La Palma, California, is a diverse and vibrant community. With a population of approximately 15,600 residents, the city boasts a mix of cultures, creating a unique and welcoming environment. The median household income is around $89,000, reflecting a comfortable standard of living for its residents. The housing market in La Palma is robust, with a median home value of $700,000. The market has been steadily appreciating, making it an attractive option for both buyers and sellers. Bridge loans provide flexibility in this competitive market, enabling buyers to act quickly and secure their dream home. La Palma, California, is known for its family-friendly atmosphere and beautiful parks. The city's Central Park offers recreational facilities, picnic areas, and walking paths, making it a popular spot for residents. Additionally, the city hosts various community events and cultural festivals throughout the year, adding to its charm and appeal.
Benefits of Bridge Loans in La Palma, California
