Get Approved at The Lowest Rate
Navigating the process of buying a new home in Monterey, 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 Monterey, CA or getting it ready for the market.
Identify the new home you want to buy in Monterey, 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 Monterey, 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 Monterey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monterey, 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 Monterey, 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 Monterey, 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 Monterey, 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 Monterey, 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!
In Monterey, California, bridge loans offer numerous benefits to homeowners looking to transition smoothly between properties. One of the primary advantages of a bridge loan is the ability to purchase a new home before selling the current one, avoiding the stress of timing constraints often associated with traditional home buying and selling processes. Demographically, Monterey boasts a vibrant population of around 28,000 residents, with a mix of families, professionals, and retirees. The city's diverse community contributes to a rich cultural tapestry, making it an attractive and welcoming place to call home. The housing market in Monterey is dynamic and competitive, with a median home value of approximately $900,000. Bridge loans provide homeowners with the financial flexibility to secure their dream home in this sought-after market while ensuring they can sell their existing property at a favorable price. Monterey is famous for its stunning coastline, historic sites such as Cannery Row and Fisherman's Wharf, and world-renowned Monterey Bay Aquarium. Residents and visitors alike can enjoy a wide range of outdoor activities, fine dining options, and cultural events in this picturesque coastal city.
Bridge Loans in Monterey, California
