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Navigating the process of buying a new home in Temple City, 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 Temple City, CA or getting it ready for the market.
Identify the new home you want to buy in Temple City, 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 Temple City, 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 Temple City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Temple City, 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 Temple City, 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 Temple City, 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 Temple City, 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 Temple City, 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 Temple City provide quick access to funds for homeowners who need to bridge the gap between the purchase of a new home and the sale of their current one. They offer flexibility and convenience, allowing individuals to secure their dream homes without waiting for their existing properties to sell. Temple City, California, boasts a diverse population with a strong sense of community. The city's population is predominantly Asian, contributing to a rich cultural tapestry. The residents enjoy a comfortable suburban lifestyle with access to top-rated schools, parks, and recreational facilities. The housing market in Temple City is robust, characterized by a mix of single-family homes and condominiums. The median home value is higher than the national average, reflecting the city's desirability. Bridge loans play a crucial role in facilitating real estate transactions in a competitive market like Temple City. Some main attractions in Temple City include the beautiful Live Oak Park, renowned for its picnic areas and sports facilities. The city also hosts the annual Camellia Festival, celebrating its floral heritage. Residents and visitors alike enjoy the vibrant dining scene and shopping opportunities in the area.
Benefits of Bridge Loans in Temple City, California
