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Navigating the process of buying a new home in Santa Margarita, 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 Santa Margarita, CA or getting it ready for the market.
Identify the new home you want to buy in Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita, 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 Santa Margarita offer a great solution for homeowners who want to buy a new home before selling their current one. These loans provide short-term financing to bridge the gap between the purchase of a new property and the sale of the existing one. They can help avoid the stress of timing issues and allow for smoother transitions. Demographics: Santa Margarita, California, is a charming town with a population of approximately XXXX residents. The community is known for its diverse mix of residents, including young families, retirees, and professionals. The town boasts a strong sense of community and a welcoming atmosphere. Housing Market: The housing market in Santa Margarita is competitive yet offers great opportunities. With a mix of historic homes and modern properties, there is something for every taste. The market is stable, making it an attractive option for investors and homeowners looking to settle in a peaceful and picturesque location. Main Attractions: Santa Margarita is home to beautiful parks, scenic hiking trails, and local wineries. The town's quaint shops and restaurants offer a unique charm, while the nearby beach provides a perfect escape for residents. With a close-knit community and stunning natural surroundings, Santa Margarita is a hidden gem in California.
Benefits of Bridge Loans in Santa Margarita, California
