Get Approved at The Lowest Rate
Navigating the process of buying a new home in Loma Mar, 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 Mar, CA or getting it ready for the market.
Identify the new home you want to buy in Loma Mar, 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 Mar, 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 Mar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Loma Mar, 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 Mar, 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 Mar, 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 Mar, 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 Mar, 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 Loma Mar offer borrowers the advantage of quick access to capital for purchasing a new home without having to sell their current property first. This streamlines the buying process and allows for smoother transitions between homes. Demographically, Loma Mar, California, is a small community nestled in San Mateo County with a population of approximately 150 residents. The area is known for its scenic beauty, tranquil atmosphere, and a close-knit community that values nature and outdoor activities. The housing market in Loma Mar is characterized by a mix of older charming homes and newer constructions. The market is competitive, with limited inventory and high demand, making bridge loans a valuable tool for buyers looking to secure their dream home quickly and efficiently. Some main attractions in Loma Mar include the beautiful Memorial County Park, which offers hiking trails, picnic areas, and stunning views of the surrounding redwoods. The area is also close to the Pacific Ocean, providing easy access to beaches and water activities.
Benefits of Bridge Loans in Loma Mar, California
