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Navigating the process of buying a new home in Lakewood, 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 Lakewood, CA or getting it ready for the market.
Identify the new home you want to buy in Lakewood, 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 Lakewood, 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 Lakewood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lakewood, 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 Lakewood, 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 Lakewood, 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 Lakewood, 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 Lakewood, 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 Lakewood, California offer a convenient financing option for homebuyers looking to purchase a new property before selling their existing one. These loans provide immediate funds to cover the down payment and closing costs, allowing buyers to secure their new home quickly without waiting for their current property to sell. Demographically, Lakewood is a vibrant city with a diverse population. According to the latest census data, the median age in Lakewood is 37 years old, with a mix of families, young professionals, and retirees calling the city home. The city has a strong sense of community, with residents enjoying access to parks, schools, and a variety of cultural activities. In terms of the housing market, Lakewood offers a range of options for buyers, from starter homes to luxury properties. The market is currently competitive, with low inventory and high demand driving up prices. Bridge loans can give buyers a competitive edge by allowing them to make strong offers on properties without the contingency of selling their current home first. Some main attractions in Lakewood include the Lakewood Center Mall, which features a wide selection of shops and restaurants, as well as the Monte Verde Park, a popular outdoor spot for picnics and recreation. The city also has a strong school system, making it an attractive destination for families looking to settle down.
Benefits of Bridge Loans in Lakewood, California
