Get Approved at The Lowest Rate
Navigating the process of buying a new home in Rancho Mirage, 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 Rancho Mirage, CA or getting it ready for the market.
Identify the new home you want to buy in Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage, 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 Rancho Mirage offer several advantages to homeowners and investors. These short-term loans provide quick access to funds, allowing borrowers to secure a new property before selling their existing one. This can be especially helpful in competitive real estate markets, where delays can result in missed opportunities. Rancho Mirage, located in Riverside County, California, is known for its affluent community and luxury real estate market. The city boasts a diverse population with a median household income well above the national average. This makes it an attractive location for those seeking upscale living and investment opportunities. The housing market in Rancho Mirage is thriving, with steady appreciation rates and a high demand for luxury properties. Bridge loans can help buyers take advantage of this favorable market by providing the necessary financing to secure their dream home quickly. Additionally, these loans can be tailored to individual needs, offering flexibility and convenience to borrowers. Aside from its real estate appeal, Rancho Mirage offers a variety of attractions, including world-class golf courses, upscale shopping centers, and fine dining establishments. The city's picturesque landscape and vibrant cultural scene make it a popular destination for tourists and residents alike, further enhancing its allure for potential property buyers.
Benefits of Bridge Loans in Rancho Mirage, California
