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Navigating the process of buying a new home in Signal Hill, 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 Signal Hill, CA or getting it ready for the market.
Identify the new home you want to buy in Signal Hill, 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 Signal Hill, 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 Signal Hill, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Signal Hill, 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 Signal Hill, 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 Signal Hill, 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 Signal Hill, 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 Signal Hill, 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 Signal Hill, California offer a crucial financial solution for homebuyers looking to purchase a new property before selling their current one. This type of loan provides short-term funding to bridge the gap between the purchase of a new home and the sale of the existing one, preventing delays and ensuring a smooth transition. Demographically, Signal Hill is a diverse city in Los Angeles County with a population of approximately 11,000 residents. Known for its stunning views and small-town charm, Signal Hill attracts a mix of families, young professionals, and retirees, contributing to its vibrant community atmosphere. In terms of the housing market, Signal Hill offers a mix of housing options ranging from single-family homes to apartments and condominiums. The market is competitive, with a median home value above the national average. Bridge loans can give buyers a competitive edge in this market by providing the flexibility and financial support needed to secure their dream home. Some of the main attractions in Signal Hill include Signal Hill Park, a favorite spot for outdoor activities and panoramic views of the city and surrounding areas. The city is also known for its rich history, including oil drilling heritage sites and cultural events that celebrate its unique identity.
Benefits of Bridge Loans in Signal Hill, California
