Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pacific Grove, 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 Pacific Grove, CA or getting it ready for the market.
Identify the new home you want to buy in Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, 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 Pacific Grove, California offer numerous benefits to individuals looking to buy a new home before selling their current one. These short-term loans provide financial flexibility, allowing buyers to make a competitive offer on a new property without being contingent on the sale of their existing home. Demographically, Pacific Grove is a charming coastal city located on the Monterey Peninsula. Known for its Victorian architecture and beautiful beaches, the city attracts a mix of residents ranging from young professionals to retirees. The population is diverse, with a strong sense of community and a range of amenities to suit all ages. In terms of the housing market, Pacific Grove offers a mix of historic homes, modern apartments, and luxury properties. The market is competitive, with a steady demand for housing due to the city's popularity as a tourist destination and its proximity to key employment centers in the region. Main attractions in Pacific Grove include the scenic Seventeen Mile Drive, Lover's Point Park, the Pacific Grove Museum of Natural History, and the historic Point Pinos Lighthouse. The city's vibrant downtown area is home to numerous restaurants, shops, and galleries, offering residents and visitors a taste of the local culture and charm.
Bridge Loans in Pacific Grove, California
