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Navigating the process of buying a new home in Newport Coast, 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 Newport Coast, CA or getting it ready for the market.
Identify the new home you want to buy in Newport Coast, 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 Newport Coast, 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 Newport Coast, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newport Coast, 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 Newport Coast, 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 Newport Coast, 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 Newport Coast, 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 Newport Coast, 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 Newport Coast offer quick access to funds for homeowners looking to purchase a new property before selling their current one. This financial instrument provides flexibility and convenience, allowing individuals to capitalize on investment opportunities without being constrained by the sale of their existing home. Newport Coast, located in Orange County, California, boasts a relatively affluent population with a median household income well above the national average. The area attracts residents who value luxurious coastal living, exclusive amenities, and a strong sense of community. The housing market in Newport Coast is characterized by upscale properties featuring stunning ocean views, modern architecture, and premium amenities. While prices can be on the higher end, the quality of life, access to top-rated schools, and proximity to beaches make Newport Coast a desirable location for homebuyers. Some of the main attractions in Newport Coast include the stunning Crystal Cove State Park, renowned for its pristine beaches and hiking trails, as well as the Pelican Hill Resort offering world-class golfing and spa experiences. Fashion Island, a premier shopping destination, provides residents with upscale retail and dining options.
Benefits of Bridge Loans in Newport Coast, California
