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Navigating the process of buying a new home in San Clemente, 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 San Clemente, CA or getting it ready for the market.
Identify the new home you want to buy in San Clemente, 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 San Clemente, 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 San Clemente, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Clemente, 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 San Clemente, 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 San Clemente, 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 San Clemente, 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 San Clemente, 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 San Clemente offer a convenient solution for homebuyers who need to finance the purchase of a new home before selling their existing one. These loans provide short-term funding to cover the down payment and closing costs, allowing homeowners to buy a new property quickly without the need to wait for their current home to sell. San Clemente, located in Orange County, California, has a diverse population with a strong sense of community. The city boasts a median household income above the national average and a high percentage of residents holding college degrees, making it an attractive location for families and professionals. The housing market in San Clemente is competitive, with a mix of single-family homes, townhouses, and condominiums available for purchase. Home prices have been steadily increasing, indicating a strong market with high demand. Bridge loans can give buyers a competitive edge by enabling them to make strong offers on desirable properties. San Clemente offers a range of attractions, including its beautiful beaches, popular surf spots, and coastal walking trails. The city is also known for its vibrant downtown area, which features boutique shops, restaurants, and art galleries. Residents and visitors alike can enjoy a variety of outdoor activities and cultural experiences in this picturesque coastal city.
Benefits of Bridge Loans in San Clemente, California
