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Navigating the process of buying a new home in Lynwood, 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 Lynwood, CA or getting it ready for the market.
Identify the new home you want to buy in Lynwood, 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 Lynwood, 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 Lynwood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lynwood, 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 Lynwood, 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 Lynwood, 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 Lynwood, 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 Lynwood, 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 Lynwood offer a convenient financing solution for homeowners looking to purchase a new home before selling their current property. This type of loan provides the flexibility of making a down payment on a new house without being contingent on the sale of the old one. It helps avoid the stress of timing issues in real estate transactions. In terms of demographics, Lynwood, California, is a diverse community with a mix of cultures and backgrounds. The population is composed of various ethnicities, creating a vibrant and inclusive environment. Residents enjoy a range of amenities and services, including schools, parks, and shopping centers, making it an attractive place to live. The housing market in Lynwood is dynamic, offering a variety of properties to suit different needs and preferences. With a range of affordable housing options, including single-family homes, townhouses, and condos, there are opportunities for both buyers and sellers. Bridge loans can help expedite the buying process in such a competitive market. Some main attractions in Lynwood include Yvonne Burke-John D. Ham Park, River Park, and the Watts Towers Arts Center. These recreational spots provide opportunities for outdoor activities, relaxation, and cultural experiences, adding to the overall quality of life in the city.
Benefits of Bridge Loans in Lynwood, California
