Get Approved at The Lowest Rate
Navigating the process of buying a new home in Marina Del Rey, 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 Marina Del Rey, CA or getting it ready for the market.
Identify the new home you want to buy in Marina Del Rey, 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 Marina Del Rey, 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 Marina Del Rey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marina Del Rey, 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 Marina Del Rey, 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 Marina Del Rey, 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 Marina Del Rey, 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 Marina Del Rey, 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 Marina Del Rey, California offer a unique advantage to homebuyers by providing short-term financing to bridge the gap between the purchase of a new home and the sale of the existing one. This allows buyers to secure their dream home without being contingent on the sale of their current property, offering flexibility and convenience in a competitive real estate market. Marina Del Rey, located in Los Angeles County, boasts a diverse population with a mix of young professionals, families, and retirees. The median household income is above the national average, reflecting a prosperous community with high purchasing power, making it an attractive location for real estate investment and development. The housing market in Marina Del Rey is characterized by high demand and limited inventory, leading to competitive pricing and quick turnaround times for property sales. Bridge loans play a crucial role in this market by providing buyers with the necessary funds to act quickly and secure properties in desirable neighborhoods, ensuring a smooth and efficient transaction process. Some of the main attractions in Marina Del Rey include its picturesque marina, waterfront dining options, and outdoor recreational activities such as boating, kayaking, and biking along the beachfront. The community offers a vibrant lifestyle with a variety of cultural events, shopping centers, and entertainment venues, making it a desirable destination for residents and visitors alike.
Benefits of Bridge Loans in Marina Del Rey, California
