Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lake Forest, 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 Forest, CA or getting it ready for the market.
Identify the new home you want to buy in Lake Forest, 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 Forest, 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 Forest, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lake Forest, 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 Forest, 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 Forest, 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 Forest, 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 Forest, 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 and flexible financing option for homeowners in Lake Forest, California. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing one. One of the primary benefits is the ability to access funds quickly, allowing buyers to secure a new property without having to wait for their old home to sell. Demographically, Lake Forest is a vibrant city in Orange County with a population of over 80,000 residents. The community is diverse, with a mix of young professionals, families, and retirees. The city boasts top-rated schools, low crime rates, and a strong sense of community. The housing market in Lake Forest is thriving, offering a range of properties from single-family homes to luxury estates. The median home price is around $700,000, making it an attractive option for buyers looking for affordable housing in a desirable location. Bridge loans can help buyers compete in this competitive market. Some main attractions in Lake Forest include the beautiful Serrano Creek Park, Whiting Ranch Wilderness Park for outdoor enthusiasts, and the Irvine Spectrum Center for shopping and entertainment. Residents also enjoy easy access to stunning beaches, hiking trails, and top-rated dining options.
Benefits of Bridge Loans in Lake Forest, California
