Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Luis Rey, 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 Luis Rey, CA or getting it ready for the market.
Identify the new home you want to buy in San Luis Rey, 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 Luis Rey, 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 Luis Rey, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Luis Rey, 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 Luis Rey, 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 Luis Rey, 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 Luis Rey, 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 Luis Rey, 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 Luis Rey, California offer a competitive advantage to homeowners by providing interim financing to facilitate the transition between the purchase of a new home and the sale of an existing property. This financial tool can help bridge the gap between transactions, allowing individuals to secure their dream home without the stress of contingencies. Demographically, San Luis Rey is a diverse and vibrant community located in northern San Diego County. With a mix of families, young professionals, and retirees, the area enjoys a rich cultural tapestry and a strong sense of community. The housing market in San Luis Rey is characterized by a range of housing options, from modern condos to spacious single-family homes, catering to different needs and preferences. In recent years, the housing market in San Luis Rey has shown resilience and steady growth. The area offers a variety of real estate opportunities at different price points, making it an attractive destination for both first-time buyers and seasoned investors. The stability of the market and projected appreciation rates make San Luis Rey a promising location for those looking to invest in real estate.
Benefits of Bridge Loans in San Luis Rey, California
