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Navigating the process of buying a new home in Placentia, 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 Placentia, CA or getting it ready for the market.
Identify the new home you want to buy in Placentia, 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 Placentia, 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 Placentia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Placentia, 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 Placentia, 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 Placentia, 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 Placentia, 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 Placentia, 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 Placentia provide a valuable financial solution by allowing homeowners to bridge the gap between the purchase of a new home before selling their existing one. This flexibility can be crucial in competitive real estate markets, offering the ability to make a strong offer without contingencies. Placentia, California, is a diverse community with a population of approximately 52,333 residents. The city has a strong sense of community and offers various amenities such as parks, schools, and local businesses, making it an attractive place to live for families and professionals alike. The housing market in Placentia is dynamic, with a median home value of around $700,000. The market is competitive, with a mix of single-family homes, townhouses, and condos available. Bridge loans can help buyers secure a property in this bustling market while ensuring a smooth transition between homes. Placentia boasts several main attractions, including the Placentia Champions Sports Complex, Tri-City Park, and the George Key Ranch Historic Park. These recreational areas offer residents and visitors opportunities for outdoor activities, relaxation, and cultural experiences within the city.
The Benefits of Bridge Loans in Placentia, California
