Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lomita, 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 Lomita, CA or getting it ready for the market.
Identify the new home you want to buy in Lomita, 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 Lomita, 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 Lomita, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lomita, 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 Lomita, 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 Lomita, 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 Lomita, 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 Lomita, 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 real estate investors and homeowners quick access to funds for purchasing property without having to wait for the sale of their existing property. In the competitive housing market of Lomita, California, bridge loans provide the advantage of securing a property promptly, thus leveraging the opportunity for profitable investments. Demographics Lomita, California, has a diverse population with a mix of families, young professionals, and retirees. The city has a strong community feel, making it an attractive place for individuals looking for a tight-knit neighborhood. With a growing population, Lomita offers a blend of cultures and backgrounds, contributing to its vibrant atmosphere. Housing Market The housing market in Lomita is competitive, with a mix of single-family homes, townhouses, and apartments. The city's strategic location and proximity to major cities make it a desirable location for real estate investment. Bridge loans facilitate quick property acquisition, allowing investors to capitalize on the fluctuating market trends and secure profitable deals. Main Attractions Lomita boasts an array of attractions, including beautiful parks, museums, and local eateries. The Lomita Railroad Museum, Lomita Park, and Rolling Hills Plaza are popular destinations for residents and visitors alike. With its close proximity to the coast, Lomita offers a relaxed lifestyle with easy access to beaches and outdoor recreational activities.
Benefits of Bridge Loans in Lomita, California
