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Navigating the process of buying a new home in Pismo Beach, 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 Pismo Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Pismo Beach, 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 Pismo Beach, 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 Pismo Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pismo Beach, 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 Pismo Beach, 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 Pismo Beach, 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 Pismo Beach, 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 Pismo Beach, 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 Pismo Beach offer a valuable financing option for homebuyers. They provide flexibility by bridging the gap between the purchase of a new home and the sale of the existing one, avoiding the need for a contingency clause. Pismo Beach, California, is a picturesque coastal town known for its beautiful beaches and mild climate. The demographics here are diverse, with a mix of retirees, young families, and tourists. The town has a relaxed vibe and is a popular destination for outdoor enthusiasts. The housing market in Pismo Beach is dynamic, with a range of property types from cozy beach cottages to luxurious oceanfront estates. Bridge loans can help buyers secure their dream homes in this competitive market by providing quick access to funds without the stress of selling their current property first. Main attractions in Pismo Beach include the iconic Pismo Pier, where visitors can enjoy stunning ocean views and fresh seafood. Outdoor activities like surfing, kayaking, and hiking are popular here, making it a haven for nature lovers and adventure seekers.
Benefits of Bridge Loans in Pismo Beach, California
