Get Approved at The Lowest Rate
Navigating the process of buying a new home in Santee, 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 Santee, CA or getting it ready for the market.
Identify the new home you want to buy in Santee, 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 Santee, 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 Santee, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Santee, 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 Santee, 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 Santee, 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 Santee, 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 Santee, 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 Santee, California provide a valuable financial tool for homebuyers. These short-term loans offer quick financing solutions to bridge the gap between the purchase of a new home and the sale of the current one. One key benefit is the flexibility they offer in terms of repayment schedules, interest rates, and credit requirements. They can help buyers secure a new property quickly without being contingent on the sale of their existing home. Demographics: Santee, located in San Diego County, has a population of around 58,000 residents. The city attracts families and young professionals seeking a suburban lifestyle with easy access to urban amenities. The community is known for its strong sense of community, good schools, and extensive parks and recreational activities. Housing Market: Santee's housing market is thriving, with a mix of single-family homes, townhouses, and apartments. The median home value is approximately $550,000, showing steady appreciation over the years. Bridge loans offer buyers a competitive edge in this fast-paced market, allowing them to make strong offers on new properties. Main Attractions: Santee boasts attractions like the Santee Lakes Recreation Preserve, a popular spot for fishing and camping, and the Mission Trails Regional Park, offering hiking and biking trails. Residents enjoy easy access to shopping centers, restaurants, and excellent schools, making it a desirable place to live for many.
Benefits of Bridge Loans in Santee, California
