Get Approved at The Lowest Rate
Navigating the process of buying a new home in Los Angeles, 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 Los Angeles, CA or getting it ready for the market.
Identify the new home you want to buy in Los Angeles, 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 Los Angeles, 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 Los Angeles, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 financial solution for individuals in Los Angeles who are looking to purchase a new home before selling their existing one. These short-term loans provide quick access to funds, enabling buyers to secure their new property without waiting for their current home to sell. This flexibility can give buyers a competitive edge in a fast-paced real estate market like Los Angeles. Demographics: With a population of over 4 million residents, Los Angeles is a diverse and vibrant city known for its entertainment industry, cultural diversity, and technological innovation. The city attracts people from all walks of life, including young professionals, artists, and families, creating a rich tapestry of communities. Housing Market: The housing market in Los Angeles is dynamic and competitive, with high demand for properties in desirable neighborhoods. Prices can vary widely across the city, making it essential for buyers to move quickly when they find a home they like. Bridge loans can help buyers secure a property without the need to wait for a lengthy selling process, giving them a strategic advantage in a competitive market. Main Attractions: Los Angeles is home to iconic attractions such as Hollywood, Beverly Hills, Santa Monica Pier, and the Griffith Observatory. The city offers a wide range of cultural, culinary, and recreational experiences, making it a popular destination for tourists and residents alike. From world-class museums to stunning beaches, Los Angeles has something for everyone.
Benefits of Bridge Loans in Los Angeles, California
