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Navigating the process of buying a new home in San Marcos, 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 Marcos, CA or getting it ready for the market.
Identify the new home you want to buy in San Marcos, 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 Marcos, 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 Marcos, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Marcos, 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 Marcos, 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 Marcos, 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 Marcos, 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 Marcos, 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 can offer individuals in San Marcos, California, a flexible financing option that bridges the gap between the purchase of a new property and the sale of an existing one. These loans provide immediate access to funds for a down payment, enabling swift transactions in a competitive real estate market. Demographics: San Marcos, with its diverse population, offers a vibrant community for residents. The city has a mix of young professionals, families, and retirees, creating a dynamic social landscape. The area boasts excellent schools and a range of recreational facilities, making it an attractive place to live. Housing Market: San Marcos' housing market is robust, offering a variety of properties to suit different preferences and budgets. The city has seen steady appreciation in property values, making it a sound investment option. Bridge loans can help individuals take advantage of these opportunities by facilitating quick property acquisitions. Main Attractions: San Marcos is home to popular attractions such as the vibrant restaurant scene at Old California Restaurant Row, the family-friendly Discovery Lake for outdoor activities, and educational opportunities at California State University San Marcos. The city's proximity to beaches and major cities adds to its allure.
The Benefits of Bridge Loans in San Marcos, California
