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Navigating the process of buying a new home in Lockwood, 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 Lockwood, CA or getting it ready for the market.
Identify the new home you want to buy in Lockwood, 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 Lockwood, 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 Lockwood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lockwood, 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 Lockwood, 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 Lockwood, 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 Lockwood, 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 Lockwood, 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 Lockwood, California offer numerous benefits to homebuyers. Firstly, they provide a short-term financing option allowing buyers to purchase a new home before selling their existing one. This can help prevent missed opportunities and reduce the stress of coordinating two transactions simultaneously. The demographics of Lockwood, California, show a diverse community with a mix of young families and older residents. The area boasts a strong sense of community and offers various amenities such as parks, schools, and local businesses. Lockwood's proximity to major cities like San Jose and Monterey also makes it an attractive location for those seeking a quieter lifestyle. In terms of the housing market, Lockwood, California, is experiencing steady growth with rising property values. The demand for housing in the area is driven by its scenic location, favorable climate, and access to essential services. Bridge loans can help buyers take advantage of these market conditions and secure their dream home. Main attractions in Lockwood, California, include the scenic Pinnacles National Park, renowned for its rock formations and hiking trails. The region also offers opportunities for outdoor activities such as wine tasting, golfing, and exploring local vineyards. These attractions make Lockwood an ideal place to live for nature lovers and outdoor enthusiasts.
Bridge Loans in Lockwood, California
