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Navigating the process of buying a new home in Loma Linda, 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 Loma Linda, CA or getting it ready for the market.
Identify the new home you want to buy in Loma Linda, 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 Loma Linda, 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 Loma Linda, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loma Linda, 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 Loma Linda, 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 Loma Linda, 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 Loma Linda, 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 Loma Linda, 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 valuable solution for homeowners in Loma Linda by providing quick access to funds for purchasing a new home before selling the current one. This helps prevent missed opportunities and allows for smoother transitions. Demographics: Loma Linda is a diverse city with a population that includes young professionals, families, and retirees. It is known for its strong sense of community and access to quality healthcare facilities. Housing Market: The housing market in Loma Linda is competitive, with a mix of historic homes and modern developments. Bridge loans can help buyers secure their dream homes in this desirable location without delays. Main Attractions: Loma Linda is home to the Loma Linda University and Medical Center, renowned for its healthcare services. The city also offers beautiful parks, hiking trails in the nearby mountains, and a vibrant farmers' market.
Benefits of Bridge Loans in Loma Linda, California
