Get Approved at The Lowest Rate
Navigating the process of buying a new home in San Pedro, 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 Pedro, CA or getting it ready for the market.
Identify the new home you want to buy in San Pedro, 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 Pedro, 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 Pedro, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Pedro, 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 Pedro, 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 Pedro, 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 Pedro, 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 Pedro, 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!
Benefits of Bridge Loans: Bridge loans in San Pedro offer quick access to funds for homebuyers to bridge the gap between selling their existing home and buying a new one. They provide flexibility, allowing buyers to make competitive offers without contingencies, securing their dream home. Demographics: San Pedro, a coastal neighborhood in Los Angeles, has a diverse population with a mix of cultures and backgrounds. The community values art, history, and maritime traditions, creating a unique and vibrant atmosphere. Housing Market: The housing market in San Pedro is competitive, with a variety of housing options ranging from historic homes to modern developments. Bridge loans can help buyers navigate this market by providing the necessary financial support. Main Attractions: San Pedro is known for attractions like the USS Iowa Battleship, Cabrillo Marine Aquarium, and Point Fermin Lighthouse. Its waterfront location, bustling arts district, and delicious seafood make it a desirable place to live and visit.
Bridge Loans in San Pedro, California
