Get Approved at The Lowest Rate
Navigating the process of buying a new home in South Pasadena, 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 Pasadena, CA or getting it ready for the market.
Identify the new home you want to buy in South Pasadena, 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 Pasadena, 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 Pasadena, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in South Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, California offer numerous benefits for individuals looking to buy a new property before selling their existing one. These short-term loans provide flexibility and quick access to funds, allowing borrowers to secure their dream home without the need to wait for their current property to sell. South Pasadena, California, is a charming city with a diverse population. The city boasts a strong sense of community, excellent schools, and a range of cultural attractions. The demographics include a mix of families, young professionals, and retirees, creating a vibrant and welcoming environment. The housing market in South Pasadena is competitive, with a mix of historic homes and modern developments. Bridge loans can give buyers a competitive edge in this market by enabling them to make strong offers without contingencies. With rising property values, investing in South Pasadena real estate can provide lucrative returns in the long term. Some of the main attractions in South Pasadena include the charming shopping districts, beautiful parks, and easy access to nearby attractions like the Huntington Library and Gardens. Residents can enjoy a high quality of life in this picturesque city with its rich history and vibrant cultural scene.
Bridge Loans in South Pasadena, California
