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Navigating the process of buying a new home in San Dimas, 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 Dimas, CA or getting it ready for the market.
Identify the new home you want to buy in San Dimas, 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 Dimas, 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 Dimas, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Dimas, 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 Dimas, 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 Dimas, 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 Dimas, 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 Dimas, 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 Dimas, California offer numerous benefits for homebuyers. These short-term loans provide quick access to funds, allowing buyers to bridge the gap between selling their current home and purchasing a new one without the need for a contingency clause. San Dimas, located in Los Angeles County, has a population of approximately 34,000 residents. Known for its small-town charm and excellent schools, the city attracts families and professionals seeking a tight-knit community with easy access to urban amenities. The housing market in San Dimas is competitive, with a median home value of around $600,000. Bridge loans can help buyers secure properties in this desirable market by offering flexible financing options and expedited closing processes. Some main attractions in San Dimas include the picturesque Bonelli Regional Park, offering hiking and water activities, and the historic downtown area with its unique shops and restaurants. With its proximity to both mountains and beaches, San Dimas provides a diverse range of recreational opportunities.
Benefits of Bridge Loans in San Dimas, California
