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Navigating the process of buying a new home in Montebello, 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 Montebello, CA or getting it ready for the market.
Identify the new home you want to buy in Montebello, 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 Montebello, 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 Montebello, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montebello, 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 Montebello, 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 Montebello, 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 Montebello, 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 Montebello, 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 Montebello, California offer a flexible financing option for homebuyers who need to purchase a new home before selling their current one. These loans provide quick access to capital, allowing buyers to secure their new property without waiting for their existing home to sell. Demographically, Montebello is a diverse city in Los Angeles County with a mix of cultures and backgrounds. The population consists of a significant Hispanic and Asian community, contributing to the rich cultural tapestry of the city. The housing market in Montebello is dynamic, with a range of housing options from single-family homes to condos. Bridge loans can help buyers take advantage of opportunities in this competitive market, allowing them to act quickly and secure their desired property. Main attractions in Montebello include the Montebello Barnyard Zoo, offering a fun and educational experience for families, as well as the Montebello Town Center for shopping and dining. The city's parks and recreational facilities also provide ample opportunities for outdoor activities.
Benefits of Bridge Loans in Montebello, California
