Get Approved at The Lowest Rate
Navigating the process of buying a new home in Lompoc, 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 Lompoc, CA or getting it ready for the market.
Identify the new home you want to buy in Lompoc, 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 Lompoc, 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 Lompoc, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lompoc, 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 Lompoc, 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 Lompoc, 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 Lompoc, 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 Lompoc, 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 Lompoc offer the benefit of providing quick access to funds for homeowners looking to purchase a new property before selling their current one. This can help avoid missing out on a desired property and provides flexibility in transitioning homes seamlessly. Demographically, Lompoc, California, is a diverse city with a mix of young families, professionals, and retirees. The median household income is above the national average, making it an attractive location for those looking for a balanced lifestyle in a vibrant community. In terms of the housing market, Lompoc offers a range of housing options from affordable single-family homes to luxury estates. The market is competitive, with properties often selling quickly. Bridge loans can help buyers act fast and secure their dream home in this dynamic market. Main attractions in Lompoc include the famous La Purisima Mission, known for its historical significance, and the scenic Jalama Beach, popular for outdoor activities like camping and surfing. The city also boasts excellent wineries and vineyards, adding to its charm as a desirable place to live and visit.
Benefits of Bridge Loans in Lompoc, California
