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Navigating the process of buying a new home in National City, 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 National City, CA or getting it ready for the market.
Identify the new home you want to buy in National City, 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 National City, 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 National City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in National City, 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 National City, 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 National City, 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 National City, 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 National City, 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 National City provide a valuable financial solution for homeowners looking to purchase a new home before selling their existing property. These loans offer short-term financing that bridges the gap between the sale of the current home and the purchase of a new one, ensuring a smoother transition without the need to rush the selling process. National City, a diverse community in Southern California, boasts a population of approximately 61,000 residents. The city has a rich cultural heritage with a blend of Hispanic, Filipino, and Vietnamese communities. With a strong sense of community, National City offers a vibrant and welcoming environment for residents. The housing market in National City is dynamic, with a mix of residential properties ranging from historic homes to modern developments. The median home price in National City is around $450,000, making it an affordable option in the San Diego metropolitan area. Bridge loans can be particularly advantageous in such a market, allowing buyers to act quickly and secure their dream home. National City is home to various attractions, including the National City Depot, a historic railroad station, and Kimball Park, a popular community park with recreational facilities. Additionally, the city's proximity to San Diego offers easy access to major attractions like the San Diego Zoo and Balboa Park.
Benefits of Bridge Loans in National City, California
