Get Approved at The Lowest Rate
Navigating the process of buying a new home in Mission Viejo, 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 Mission Viejo, CA or getting it ready for the market.
Identify the new home you want to buy in Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, 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 Mission Viejo, California offer a convenient financing option for homebuyers looking to purchase a new home before selling their existing one. This type of loan provides temporary funding to bridge the gap between the sale of a current property and the purchase of a new one. Mission Viejo, California, located in Orange County, boasts a population of approximately 96,400 residents. The city is well-known for its picturesque surroundings, family-friendly atmosphere, and excellent schools, making it an attractive place to live for families and professionals alike. The housing market in Mission Viejo is competitive, with a median home value of around $750,000. The market is characterized by a mix of single-family homes, townhouses, and luxury properties, offering a range of options for prospective buyers. Bridge loans can help buyers secure their dream home in this competitive market. Some of the main attractions in Mission Viejo include the beautiful Oso Creek Trail, the popular Mission Viejo Lake where residents can enjoy boating and fishing, and the vibrant shopping and dining options at The Shops at Mission Viejo. The city's commitment to community events and recreational activities makes it a desirable place to call home.
Benefits of Bridge Loans in Mission Viejo, California
