Get Approved at The Lowest Rate
Navigating the process of buying a new home in Murrieta, 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 Murrieta, CA or getting it ready for the market.
Identify the new home you want to buy in Murrieta, 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 Murrieta, 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 Murrieta, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, California offer numerous advantages. They provide short-term financing for homeowners looking to purchase a new property before selling their current one, allowing for a quick transaction and avoiding the need to wait. This can be especially beneficial in a competitive market where timing is critical. Murrieta, California, a vibrant city in Riverside County, boasts a diverse population with a median age of 33.5 years. The city's demographic makeup includes a mix of families, young professionals, and retirees, creating a dynamic community with a strong sense of belonging. The housing market in Murrieta is robust, with a median home value of $448,000. The city offers a range of housing options, from single-family homes to spacious estates, catering to various lifestyle preferences. The market is competitive, yet opportunities for investment and growth abound. When visiting Murrieta, you can explore attractions such as the Santa Rosa Plateau Ecological Reserve, where you can enjoy hiking trails and observe diverse wildlife. Wine enthusiasts can indulge in the city's numerous wineries, offering tastings and tours amidst picturesque vineyards. Additionally, Old Town Murrieta provides a charming blend of historic architecture, boutique shops, and cozy cafes.
Benefits of Bridge Loans in Murrieta, California
