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Navigating the process of buying a new home in San Ysidro, 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 Ysidro, CA or getting it ready for the market.
Identify the new home you want to buy in San Ysidro, 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 Ysidro, 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 Ysidro, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in San Ysidro, 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 Ysidro, 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 Ysidro, 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 Ysidro, 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 Ysidro, 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 offer a great financial solution for homebuyers in San Ysidro, California. These short-term loans can help bridge the gap between buying a new home and selling an existing one, providing flexibility and convenience. Demographically, San Ysidro is a diverse community located near the Mexican border. With a mix of cultures and backgrounds, the area offers a vibrant atmosphere and a variety of culinary experiences. The housing market in San Ysidro is competitive yet offers opportunities for homebuyers. With reasonable home prices and a range of housing options, including single-family homes and condos, the area caters to a diverse range of buyers. San Ysidro is known for its main attractions such as the Las Americas Premium Outlets, offering a shopping haven for residents and visitors alike. Additionally, nearby beaches and parks provide recreational opportunities, making it an ideal place to live for those who appreciate outdoor activities.
Bridge Loans Benefits in San Ysidro, California