Get Approved at The Lowest Rate
Navigating the process of buying a new home in Monterey Park, 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 Park, CA or getting it ready for the market.
Identify the new home you want to buy in Monterey Park, 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 Park, 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 Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Monterey Park, 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 Park, 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 Park, 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 Park, 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 Park, 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!
Benefits: Bridge loans in Monterey Park provide quick access to funds for homeowners needing to purchase a new property before selling their current one. It offers flexibility and allows for a seamless transition without the pressure of timing constraints often associated with buying and selling simultaneously. Additionally, bridge loans typically have a quick approval process and can be a valuable financial tool for those in need of short-term financing. Demographics: Monterey Park, CA, has a diverse population with a strong Asian American presence. The city boasts a mix of cultures, represented in its culinary scene and community events. The median household income is above the national average, showcasing a financially stable population that can benefit from various loan options available in the area. Housing Market: The housing market in Monterey Park is competitive, with a mix of single-family homes, townhouses, and apartments. The median home value is higher than the state average, reflecting the desirability of the area. Bridge loans can help buyers secure their dream home in this competitive market while leveraging their existing property as collateral.
Benefits of Bridge Loans in Monterey Park, CA
