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Navigating the process of buying a new home in Salton City, 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 Salton City, CA or getting it ready for the market.
Identify the new home you want to buy in Salton City, 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 Salton City, 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 Salton City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Salton City, 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 Salton City, 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 Salton City, 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 Salton City, 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 Salton City, 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 Salton City offer a valuable financing option for individuals looking to purchase a new home before selling their current one. These short-term loans provide financial flexibility and enable homeowners to make a competitive offer without contingency clauses. Salton City, located in Imperial County, California, has a population of approximately 2,500 residents. The area boasts a diverse community, with a median age of 40 years old. The city's proximity to the Salton Sea offers unique recreational opportunities for residents and tourists alike. The housing market in Salton City is characterized by affordable home prices and a mix of property types, including single-family homes and vacant land. Bridge loans can help buyers secure new properties quickly in this competitive market, providing a bridge between the sale of their existing home and the purchase of a new one. Some of the main attractions in Salton City include the Salton Sea State Recreation Area, known for its birdwatching and water activities. The city's desert location offers stunning natural landscapes and outdoor adventures for residents and visitors to enjoy.
Benefits of Bridge Loans in Salton City, California
