Get Approved at The Lowest Rate
Navigating the process of buying a new home in Pacific Palisades, 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 Palisades, CA or getting it ready for the market.
Identify the new home you want to buy in Pacific Palisades, 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 Palisades, 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 Palisades, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pacific Palisades, 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 Palisades, 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 Palisades, 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 Palisades, 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 Palisades, 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 Palisades offer a valuable financing solution for homebuyers who want to purchase a new home before selling their existing one. This type of loan provides short-term funding to bridge the gap between the sale of the old property and the purchase of a new one, allowing borrowers to secure their dream home without the stress of timing the transactions perfectly. Demographics: Pacific Palisades is an affluent neighborhood in Los Angeles, known for its stunning views, upscale homes, and a high standard of living. The area attracts professionals, celebrities, and families looking for a peaceful yet luxurious lifestyle. Housing Market: The housing market in Pacific Palisades is robust, with a mix of modern estates, traditional homes, and upscale condominiums. The median home price is above the national average, reflecting the desirability of the area and the high demand for luxury properties. Main Attractions: Pacific Palisades offers a range of attractions, including the beautiful beaches of Will Rogers State Beach, the scenic hiking trails of Temescal Gateway Park, and the upscale shopping and dining options at Palisades Village. Residents also enjoy easy access to cultural institutions like the Getty Villa.
Benefits of Bridge Loans in Pacific Palisades, California
