Get Approved at The Lowest Rate
Navigating the process of buying a new home in South El Monte, 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 South El Monte, CA or getting it ready for the market.
Identify the new home you want to buy in South El Monte, 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 South El Monte, 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 South El Monte, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in South El Monte, 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 South El Monte, 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 South El Monte, 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 South El Monte, 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 South El Monte, 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 convenient financing option for homeowners in South El Monte, California, providing quick access to funds for purchasing a new home before selling their current one. This allows for smoother transitions during the buying and selling process. Demographics in South El Monte indicate a diverse community with a mix of cultures, contributing to a vibrant local atmosphere. The population consists of various ethnicities, and the city has a strong sense of community, making it an appealing place to live. The housing market in South El Monte is characterized by a range of property types, from single-family homes to condos and townhouses. With a growing demand for housing in the area, property values are on the rise, making it an advantageous time for investment in real estate. Main attractions in South El Monte include scenic parks, cultural centers, and local eateries that showcase the city's rich culinary scene. Residents and visitors can enjoy outdoor activities, community events, and diverse dining options, adding to the city's charm and appeal.
Benefits of Bridge Loans in South El Monte, California
