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Navigating the process of buying a new home in Sierra Madre, 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 Sierra Madre, CA or getting it ready for the market.
Identify the new home you want to buy in Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, 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 Sierra Madre, 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 Sierra Madre provide quick access to funds needed for purchasing a new property before selling an existing one. This allows homeowners to secure their dream homes without worrying about contingencies. Demographics Sierra Madre, California, has a population of around 11,000 residents. Known for its small-town charm and scenic beauty, the community is diverse and close-knit, with a mix of families, young professionals, and retirees. Housing Market Information The housing market in Sierra Madre is vibrant, with a mix of historical properties and modern homes. The median home value is around $1.2 million, and the market is competitive, making bridge loans a valuable option for buyers. Main Attractions Sierra Madre is home to the stunning Sierra Madre Mountains, offering a range of outdoor activities such as hiking and biking. The town also hosts annual events like the Wisteria Festival, attracting visitors from across California.
Benefits of Bridge Loans in Sierra Madre, California
