Get Approved at The Lowest Rate
Navigating the process of buying a new home in Long Beach, 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 Long Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Long Beach, 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 Long Beach, 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 Long Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, 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!
Benefits of Bridge Loans: Bridge loans offer quick financing for individuals who need to bridge the gap between the purchase of a new property and the sale of their existing one. In a competitive real estate market like Long Beach, this type of loan can provide the advantage needed to secure a new home without having to wait for the sale of the current property. Demographics: Long Beach, California, is a diverse city with a population of over 460,000 residents. It is known for its strong maritime industry and has a rich cultural scene, attracting people from various backgrounds and professions. Housing Market: Long Beach's housing market is dynamic, with a mix of historic homes, beachfront properties, and modern condominiums. The city offers a range of housing options to suit different budgets and preferences, making it an attractive location for both homebuyers and real estate investors. Main Attractions: Long Beach is home to the historic Queen Mary, Aquarium of the Pacific, and the vibrant Downtown waterfront area. The city also boasts beautiful beaches, parks, and a thriving dining and nightlife scene, making it a popular destination for residents and visitors alike.
Bridge Loans in Long Beach, California
