Get Approved at The Lowest Rate
Navigating the process of buying a new home in Palm Desert, 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 Palm Desert, CA or getting it ready for the market.
Identify the new home you want to buy in Palm Desert, 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 Palm Desert, 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 Palm Desert, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert offer various advantages for homeowners in need of quick financing. These short-term loans bridge the gap between the purchase of a new home and the sale of the current one, providing flexibility and convenience during the transition period. Demographically, Palm Desert, California is a vibrant city with a diverse population. With a mix of retirees, young families, and working professionals, the community offers a rich tapestry of cultures and backgrounds, creating a welcoming and inclusive environment for residents. The housing market in Palm Desert is dynamic, featuring a blend of luxury estates, golf course communities, and contemporary residences. Bridge loans play a crucial role in facilitating seamless property transactions, allowing buyers to secure their dream homes without delays or complications. Notable attractions in Palm Desert include the stunning landscapes of the Coachella Valley, world-class golf courses like the Desert Willow Golf Resort, and the renowned El Paseo shopping district. Whether it's outdoor adventures or upscale shopping and dining, Palm Desert offers something for everyone.
Benefits of Bridge Loans in Palm Desert, California
