Get Approved at The Lowest Rate
Navigating the process of buying a new home in Rancho Santa Margarita, 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 Santa Margarita, CA or getting it ready for the market.
Identify the new home you want to buy in Rancho Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rancho Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita offer the advantage of providing quick financing solutions for homeowners looking to purchase a new home before selling their existing one. This can help avoid the stress of timing constraints and potential financial gaps during the transition period. Demographically, Rancho Santa Margarita is a family-friendly city located in Orange County, California, known for its young, educated population with a median household income higher than the national average. The city boasts a strong sense of community, making it an ideal place to raise a family. The housing market in Rancho Santa Margarita is robust, characterized by a mix of single-family homes, townhouses, and condominiums. The market has shown steady appreciation over the years, making it a desirable location for both homeowners and investors looking for long-term growth potential. Main attractions in Rancho Santa Margarita include the beautiful Lago Santa Margarita, a man-made lake offering recreational activities such as fishing and boating. The city also features numerous parks, hiking trails, and a vibrant town center with shops, restaurants, and entertainment options.
The Benefits of Bridge Loans in Rancho Santa Margarita, California
