Get Approved at The Lowest Rate
Navigating the process of buying a new home in Monrovia, 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 Monrovia, CA or getting it ready for the market.
Identify the new home you want to buy in Monrovia, 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 Monrovia, 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 Monrovia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monrovia, 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 Monrovia, 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 Monrovia, 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 Monrovia, 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 Monrovia, 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 Monrovia, California offer a convenient financing solution for homeowners who are looking to purchase a new property before selling their existing one. These short-term loans bridge the gap between the sale of the old property and the purchase of the new one, allowing seamless transitions without the need to wait for a traditional mortgage approval. Demographically, Monrovia, California is a diverse and thriving community located in the San Gabriel Valley. With a population of approximately 38,000 residents, the city boasts a mix of cultures and backgrounds, creating a vibrant and inclusive atmosphere for both residents and visitors alike. In terms of the housing market, Monrovia offers a variety of real estate options ranging from historic bungalows to modern condominiums. The city's housing market is competitive yet stable, making it an attractive location for both homebuyers and investors looking to capitalize on the area's steady appreciation rates. Monrovia, California is home to a number of main attractions, including the picturesque Monrovia Canyon Park, where visitors can enjoy hiking, picnicking, and exploring stunning natural landscapes. Old Town Monrovia is another popular destination, featuring charming shops, restaurants, and cultural events that showcase the city's rich history and community spirit.
Benefits of Bridge Loans in Monrovia, California
