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Navigating the process of buying a new home in Maywood, 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 Maywood, CA or getting it ready for the market.
Identify the new home you want to buy in Maywood, 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 Maywood, 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 Maywood, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Maywood, 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 Maywood, 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 Maywood, 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 Maywood, 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 Maywood, 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 Maywood, California offer a valuable financial option for individuals seeking to purchase a new home before selling their existing property. These loans provide temporary funding to bridge the gap between the purchase of a new home and the sale of the current one, enabling homeowners to move quickly and secure their dream home without waiting for their existing property to sell. Demographics in Maywood, California show a diverse community with a mix of homeowners and renters. The population consists of young professionals, families, and retirees, creating a vibrant and welcoming atmosphere. The town's close-knit community spirit fosters a sense of belonging and pride among residents. The housing market in Maywood, California is dynamic, with a range of properties available to suit different needs and budgets. The market offers opportunities for both buyers and sellers, with competitive prices and a variety of housing options. Whether you are looking for a cozy family home or an investment property, Maywood has something for everyone.
Benefits of Bridge Loans in Maywood, California