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Navigating the process of buying a new home in Riverside, 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 Riverside, CA or getting it ready for the market.
Identify the new home you want to buy in Riverside, 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 Riverside, 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 Riverside, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Riverside, 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 Riverside, 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 Riverside, 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 Riverside, 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 Riverside, 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!
A bridge loan in Riverside, California can be a valuable financial tool for individuals or families looking to purchase a new home before selling their current one. These loans provide short-term financing to bridge the gap between the sale of an existing home and the purchase of a new one, offering flexibility and convenience. Riverside, California, located in the Inland Empire region, boasts a diverse population with a mix of cultural backgrounds. The city has a relatively young demographic, with a median age of around 30 years old. Riverside offers a range of housing options from historic neighborhoods to modern developments, making it an attractive place to live for people of all ages. The housing market in Riverside, California, has been experiencing steady growth in recent years. The city's real estate market offers a variety of properties at different price points, making it accessible to a wide range of buyers. With the help of bridge loans, individuals can take advantage of the vibrant housing market in Riverside and secure their dream home. Riverside, California, is home to a number of main attractions, including the Mission Inn Hotel and Spa, Mount Rubidoux Park, and the Riverside Metropolitan Museum. The city also offers easy access to outdoor activities like hiking, biking, and picnicking, making it an ideal location for those who enjoy an active lifestyle.
Benefits of Bridge Loans in Riverside, California
