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Navigating the process of buying a new home in Temecula, 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 Temecula, CA or getting it ready for the market.
Identify the new home you want to buy in Temecula, 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 Temecula, 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 Temecula, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Temecula, 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 Temecula, 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 Temecula, 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 Temecula, 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 Temecula, 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 Temecula, California offer a valuable financing option for homeowners looking to purchase a new home before selling their current one. These loans provide temporary funding to bridge the gap between the purchase of a new home and the sale of the existing property, helping homeowners avoid financial strain. Temecula, located in Riverside County, has a diverse population with a median age of 35 years. The city's population is around 114,000, consisting of various ethnicities, making it a welcoming and inclusive community for residents of all backgrounds. The housing market in Temecula has been experiencing steady growth in recent years. The median home value is around $490,000, and the market is considered competitive. With a variety of housing options ranging from single-family homes to luxury estates, Temecula offers opportunities for various budgets and preferences. Temecula boasts several main attractions, including the renowned Temecula Valley Wine Country, Old Town Temecula with its historic charm, and Pechanga Resort & Casino offering entertainment and dining options. The city's beautiful parks, golf courses, and proximity to outdoor recreational areas make it an ideal place for leisure and relaxation.
The Benefits of Bridge Loans in Temecula, California
