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Navigating the process of buying a new home in Pasadena, 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 Pasadena, CA or getting it ready for the market.
Identify the new home you want to buy in Pasadena, 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 Pasadena, 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 Pasadena, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 provide immediate funding for individuals or businesses looking to bridge the gap between the purchase of a new property and the sale of an existing one. In Pasadena, California, these loans can offer flexibility, speed, and convenience, allowing borrowers to secure funds quickly without disrupting their financial stability. Demographics of Pasadena Located in Los Angeles County, Pasadena is a diverse city known for its rich cultural heritage and vibrant community. The population is approximately 140,000, with a median household income of $75,000. The city boasts a mix of urban and suburban neighborhoods, attracting residents from various backgrounds. The housing market in Pasadena is competitive, with a median home price of around $900,000. Bridge loans can help buyers navigate this market by providing the necessary funds to secure a property quickly. With historic homes, modern developments, and a range of amenities, Pasadena offers diverse housing options for potential buyers. Pasadena is renowned for its cultural institutions such as the Norton Simon Museum and the Gamble House. The city is also home to the annual Rose Parade, a famous New Year's Day event. Additionally, Pasadena offers a variety of parks, shopping districts, and dining options for residents and visitors to enjoy.
Benefits of Bridge Loans
Housing Market in Pasadena
Main Attractions in Pasadena
