Get Approved at The Lowest Rate
Navigating the process of buying a new home in Playa Del Rey, 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 Playa Del Rey, CA or getting it ready for the market.
Identify the new home you want to buy in Playa Del Rey, 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 Playa Del Rey, 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 Playa Del Rey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Playa Del Rey, 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 Playa Del Rey, 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 Playa Del Rey, 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 Playa Del Rey, 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 Playa Del Rey, 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 Playa Del Rey offer several benefits. They provide quick financing for individuals looking to buy a new property before selling their current one. This helps avoid missing out on opportunities in a competitive market. Additionally, bridge loans have flexible terms and can be customized to suit the borrower's needs, offering short-term solutions with potentially lower interest rates than traditional loans. Playa Del Rey, California, is a coastal neighborhood known for its picturesque beaches, excellent dining options, and a relaxed lifestyle. The area attracts a diverse population, including young professionals, families, and retirees. With a mix of residential and commercial spaces, Playa Del Rey offers a vibrant community with a laid-back vibe that appeals to many. The housing market in Playa Del Rey is competitive but lucrative. The area features a range of housing options, from beachfront properties to cozy townhouses. Real estate values have been steadily increasing, making it a desirable location for both homeowners and investors. With the help of bridge loans, buyers can take advantage of the market's growth potential and secure their dream property in Playa Del Rey. Main attractions in Playa Del Rey include the beautiful Dockweiler Beach, ideal for sunbathing and water activities. The Ballona Wetlands Ecological Reserve provides opportunities for hiking and bird watching. Additionally, the area boasts trendy restaurants, boutique shops, and a close-knit community that values outdoor living and coastal charm.
Benefits of Bridge Loans in Playa Del Rey, California
