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Navigating the process of buying a new home in Morongo Valley, 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 Morongo Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Morongo Valley, 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 Morongo Valley, 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 Morongo Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Morongo Valley, 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 Morongo Valley, 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 Morongo Valley, 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 Morongo Valley, 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 Morongo Valley, 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 Morongo Valley, California offer numerous benefits to homebuyers and investors. These short-term loans provide quick financing solutions, allowing borrowers to purchase a new property before selling their current one. This flexibility can be crucial in competitive real estate markets where timing is essential. Morongo Valley, California, is a diverse community located in San Bernardino County. The demographics of the area include a mix of residents, from young professionals to retirees. The median household income is above the national average, making it an attractive location for real estate investment. The housing market in Morongo Valley is dynamic and offers a range of options for buyers. From cozy single-family homes to spacious estates, there is something for everyone. The market has shown steady growth in recent years, presenting opportunities for both buyers and sellers. Some main attractions in Morongo Valley include the stunning Big Morongo Canyon Preserve, where visitors can enjoy hiking and bird-watching. The area is also known for its proximity to Joshua Tree National Park, a popular destination for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Morongo Valley, California
