Get Approved at The Lowest Rate
Navigating the process of buying a new home in Palm Springs, 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 Springs, CA or getting it ready for the market.
Identify the new home you want to buy in Palm Springs, 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 Springs, 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 Springs, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palm Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs offer numerous benefits, providing a short-term financing solution for homeowners. These loans help in securing a new property before selling the existing one, avoiding the need for a contingency offer. They offer quick access to funds and can be crucial in competitive real estate markets. Palm Springs, California, boasts a diverse population with a median age of 53. The city is a popular retirement destination, attracting a large number of seniors. With a flourishing LGBTQ+ community, Palm Springs offers a welcoming environment for all. The city's unique architecture and design scene also contribute to its charm. The housing market in Palm Springs is robust, with steady appreciation rates. The city offers a mix of modern condos, mid-century homes, and luxury estates. The market is competitive, making bridge loans a valuable tool for buyers looking to secure their dream home quickly. Real estate in Palm Springs is a solid investment, with the potential for long-term growth. Palm Springs is renowned for its scenic beauty, outdoor activities, and cultural attractions. From the famous Palm Springs Aerial Tramway to the vibrant Palm Canyon Drive, the city offers a plethora of things to see and do. With a rich history and a thriving arts scene, Palm Springs is a cultural hub in the heart of California.
Bridge Loans in Palm Springs, California
