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Navigating the process of buying a new home in Norwalk, 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 Norwalk, CA or getting it ready for the market.
Identify the new home you want to buy in Norwalk, 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 Norwalk, 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 Norwalk, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Norwalk, 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 Norwalk, 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 Norwalk, 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 Norwalk, 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 Norwalk, 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 offer several benefits to individuals in Norwalk, California. These short-term loans help bridge the gap between the purchase of a new home and the sale of a current property. They provide financial flexibility and quick access to funds, enabling homeowners to secure their new home without waiting for their existing property to sell. Demographically, Norwalk is a diverse city in Los Angeles County with a population that reflects the rich cultural tapestry of California. The city boasts a mix of different ethnicities and age groups, creating a vibrant and inclusive community. Residents enjoy a range of amenities, including parks, shopping centers, and excellent schools. The housing market in Norwalk is dynamic, offering a variety of housing options to suit different needs and preferences. With a range of single-family homes, townhouses, and apartments, there is something for everyone in Norwalk. The market is competitive yet stable, making it an attractive location for both homebuyers and investors. Main attractions in Norwalk include the renowned Heritage Park, Cerritos College, and the Los Angeles County Fire Museum. These attractions offer residents and visitors opportunities for education, recreation, and cultural enrichment, contributing to the overall quality of life in the city.
Benefits of Bridge Loans in Norwalk, California
