Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lake Elsinore, 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 Lake Elsinore, CA or getting it ready for the market.
Identify the new home you want to buy in Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, 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 Lake Elsinore, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing solutions for homeowners who need to buy a new home before selling their current one. They provide flexibility and convenience in real estate transactions, allowing individuals to secure their dream home without the stress of a contingency sale. Demographics: Lake Elsinore, California, is a vibrant city with a diverse population. The median age is 32.2 years, making it a relatively young community. The city has a mix of professionals, families, and retirees, creating a dynamic and inclusive environment. Housing Market: The housing market in Lake Elsinore is robust, with a median home value of $350,000. The market is competitive, with a mix of single-family homes, townhouses, and condos available. Bridge loans can be advantageous in securing properties in this fast-paced market. Main Attractions: Lake Elsinore offers a range of attractions, including the stunning Lake Elsinore, perfect for water sports and outdoor activities. The city is also home to the picturesque Ortega Falls and the popular Serenity Park, providing residents with ample recreational opportunities.
The Benefits of Bridge Loans in Lake Elsinore, California
