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Navigating the process of buying a new home in Ocotillo, 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 Ocotillo, CA or getting it ready for the market.
Identify the new home you want to buy in Ocotillo, 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 Ocotillo, 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 Ocotillo, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ocotillo, 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 Ocotillo, 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 Ocotillo, 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 Ocotillo, 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 Ocotillo, 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 Ocotillo, California offer quick financing solutions for homebuyers enabling them to bridge the gap between the sale of their existing home and the purchase of a new one without missing out on opportunities in a competitive market. Demographics in Ocotillo, California reflect a diverse community with a population that is predominantly middle-class and skewed towards families. The region boasts a vibrant mix of cultures, fostering a welcoming and inclusive environment. The housing market in Ocotillo, California is characterized by steady appreciation in property values, making it an attractive investment opportunity. Bridge loans facilitate access to these desirable properties by providing temporary financial support during transitions. Ocotillo, California offers a range of attractions, including proximity to scenic hiking trails, beautiful parks for outdoor activities, and a thriving local food scene with diverse dining options showcasing the area's culinary diversity.
Benefits of Bridge Loans in Ocotillo, California
