Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lake Hughes, 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 Hughes, CA or getting it ready for the market.
Identify the new home you want to buy in Lake Hughes, 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 Hughes, 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 Hughes, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lake Hughes, 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 Hughes, 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 Hughes, 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 Hughes, 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 Hughes, 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 Lake Hughes, California offer valuable financial flexibility to homeowners. They provide a short-term solution for financing a new home purchase before the current one is sold. This can eliminate the need for contingent offers, allowing quicker transactions and better negotiation power. Demographically, Lake Hughes is a charming rural community located in the Sierra Pelona Mountains. With a population of around 650 residents, it offers a small-town feel while still being close to major cities. The median age is 45, and the majority of residents are homeowners. The housing market in Lake Hughes is competitive, with a mix of traditional single-family homes and picturesque ranch properties. The median home price is $350,000, making it an attractive option for buyers seeking affordability coupled with natural beauty. Main attractions in Lake Hughes include the nearby Angeles National Forest, offering endless opportunities for outdoor recreation like hiking, camping, and fishing. The historic Rock Inn provides a cozy spot to enjoy live music and local cuisine, adding to the town's unique charm.
Benefits of Bridge Loans in Lake Hughes, California
