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Navigating the process of buying a new home in Pacoima, 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 Pacoima, CA or getting it ready for the market.
Identify the new home you want to buy in Pacoima, 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 Pacoima, 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 Pacoima, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pacoima, 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 Pacoima, 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 Pacoima, 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 Pacoima, 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 Pacoima, 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!
Benefits of Bridge Loans: Bridge loans provide quick funding to bridge financial gaps during real estate transactions. They offer flexibility, enabling buyers in Pacoima to secure a new property before selling their current one. Demographics: Pacoima is a diverse neighborhood in Los Angeles, California, with a predominantly Hispanic population. The area is known for its strong sense of community and cultural richness. Housing Market: Pacoima's housing market is dynamic, offering a mix of single-family homes and apartment complexes. The real estate market in Pacoima is competitive, making bridge loans a valuable tool for buyers looking to secure properties swiftly. Main Attractions: Pacoima offers various attractions, including Hansen Dam Recreation Center, which provides outdoor activities like fishing and hiking. Additionally, the nearby San Gabriel Mountains offer opportunities for nature lovers.
Bridge Loans in Pacoima, California
