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Navigating the process of buying a new home in Manhattan 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 Manhattan Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Manhattan 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 Manhattan 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 Manhattan Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Manhattan 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 Manhattan 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 Manhattan 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 Manhattan 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 Manhattan 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 solutions for individuals looking to buy a new property before selling their existing one. In Manhattan Beach, this can be particularly beneficial due to the competitive real estate market and the high demand for properties in the area. Demographics: Manhattan Beach is a vibrant coastal city in California with a population of around 35,000. Known for its upscale neighborhoods and scenic beaches, the city attracts a mix of young professionals, families, and retirees seeking a luxurious yet relaxed lifestyle. Housing Market: The housing market in Manhattan Beach is robust, with high property values and low inventory. Bridge loans can help buyers secure their dream home without having to wait for their current property to sell, giving them a competitive edge in the market. Main Attractions: Manhattan Beach offers a range of attractions, including its famous sandy beaches, trendy shops and restaurants along The Strand, and the picturesque Manhattan Beach Pier, which is perfect for enjoying stunning sunsets and ocean views.
Bridge Loans in Manhattan Beach, California
