Get Approved at The Lowest Rate
Navigating the process of buying a new home in Ontario, 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 Ontario, CA or getting it ready for the market.
Identify the new home you want to buy in Ontario, 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 Ontario, 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 Ontario, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ontario, 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 Ontario, 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 Ontario, 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 Ontario, 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 Ontario, 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 a flexible and convenient financing option for homeowners in Ontario, California. These short-term loans help bridge the gap between the purchase of a new home and the sale of the current one. By providing quick access to funds, bridge loans enable homeowners to secure their dream home without being contingent on selling their existing property first. Demographics in Ontario, California, indicate a diverse and growing population. With a mix of cultural backgrounds and a median age of 31, Ontario is a vibrant and dynamic community. The city's proximity to major employment centers like Los Angeles and Riverside make it an attractive location for young professionals and families alike. The housing market in Ontario, California, is competitive yet promising. With a steady increase in property values over the years, investing in real estate in Ontario has shown to be a lucrative opportunity. Bridge loans play a crucial role in facilitating quick transactions and allowing buyers to take advantage of favorable market conditions. Main attractions in Ontario, California, include the sprawling Ontario Mills shopping center, boasting a wide range of retail stores and dining options. The city is also home to the Toyota Arena, where residents can enjoy concerts, sporting events, and other entertainment. Additionally, the nearby Cucamonga-Guasti Regional Park provides a beautiful outdoor space for recreational activities.
The Benefits of Bridge Loans in Ontario, California
