Get Approved at The Lowest Rate
Navigating the process of buying a new home in Poway, 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 Poway, CA or getting it ready for the market.
Identify the new home you want to buy in Poway, 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 Poway, 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 Poway, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Poway, 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 Poway, 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 Poway, 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 Poway, 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 Poway, 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 Poway, California offer numerous benefits for homebuyers and sellers. One of the main advantages is the ability to secure financing quickly, allowing individuals to bridge the gap between the purchase of a new property and the sale of their existing one without a long waiting period. Additionally, bridge loans provide flexibility in terms of repayment options, offering borrowers the opportunity to pay off the loan once their existing property is sold. This can help alleviate financial strain and provide peace of mind during the transition period. Moreover, bridge loans in Poway are particularly advantageous in a competitive housing market, allowing buyers to make strong offers without contingencies, increasing their chances of securing their dream home.
Benefits of Bridge Loans in Poway, California
