Get Approved at The Lowest Rate
Navigating the process of buying a new home in South Gate, 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 Gate, CA or getting it ready for the market.
Identify the new home you want to buy in South Gate, 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 Gate, 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 Gate, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in South Gate, 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 Gate, 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 Gate, 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 Gate, 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 Gate, 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 South Gate offer quick access to funds, allowing homebuyers to secure a new property before selling their existing one. This can be advantageous in competitive markets where timing is essential, providing flexibility and avoiding the need for a contingency offer. South Gate, California, boasts a diverse population with a strong Hispanic influence. The city has a vibrant community feel with a mix of cultures, making it an attractive place to live for those seeking a rich tapestry of traditions and backgrounds. The housing market in South Gate is dynamic, with a blend of historic and modern properties. The city offers a range of housing options, from cozy single-family homes to contemporary apartments, catering to various preferences and budgets. Key attractions in South Gate include the South Gate Park, a popular recreational spot offering green spaces and sports facilities. The Azalea Shopping Center provides ample retail therapy, while local eateries showcase a fusion of flavors from different cuisines.
Benefits of Bridge Loans in South Gate, California
