Get Approved at The Lowest Rate
Navigating the process of buying a new home in Redondo Beach, 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 Redondo Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, 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 Redondo Beach, 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 offer a convenient financing option for homebuyers in Redondo Beach by providing short-term funding to bridge the gap between the purchase of a new home and the sale of an existing one. This allows for a smoother transition without the pressure of immediate home sales, giving buyers more flexibility and time to secure their dream home. Demographics: Redondo Beach, California, boasts a vibrant community with a population of around 67,000 residents. The city attracts a diverse mix of young professionals, families, and retirees attracted by its beautiful beaches, excellent schools, and proximity to Los Angeles. Housing Market: Redondo Beach's housing market is competitive, with a mix of single-family homes, townhouses, and condos. The median home value is around $1.2 million, showcasing a strong real estate market that appeals to buyers seeking a beachside lifestyle and good investment opportunities. Main Attractions: Redondo Beach is renowned for its breathtaking beaches, including the iconic Redondo Beach Pier and the popular King Harbor Marina. Residents and visitors enjoy a wide array of recreational activities, upscale dining options, and boutique shopping experiences, making it a desirable place to live and visit.
The Benefits of Bridge Loans in Redondo Beach, California
