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Navigating the process of buying a new home in Twentynine Palms, 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 Twentynine Palms, CA or getting it ready for the market.
Identify the new home you want to buy in Twentynine Palms, 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 Twentynine Palms, 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 Twentynine Palms, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Twentynine Palms, 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 Twentynine Palms, 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 Twentynine Palms, 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 Twentynine Palms, 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 Twentynine Palms, 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 Twentynine Palms offer a valuable financing option for homeowners looking to purchase a new home before selling their current one. This type of loan provides short-term funding to bridge the gap between the purchase of a new property and the sale of the existing one, helping homeowners avoid the stress of timing their transactions perfectly. Demographically, Twentynine Palms is a city in San Bernardino County, California, with a population of approximately 25,000 residents. The city is known for its proximity to Joshua Tree National Park and the Marine Corps Air Ground Combat Center. Its population consists of a mix of families, young professionals, and military personnel stationed at the base. The housing market in Twentynine Palms is dynamic, with a range of affordable options for homebuyers. The median home price in the city is below the state average, making it an attractive location for first-time homebuyers and investors. With the presence of the military base, there is a steady demand for rental properties, providing opportunities for buy-and-hold investors. Main attractions in Twentynine Palms include the Joshua Tree National Park, which offers stunning desert landscapes and outdoor recreational activities such as hiking, rock climbing, and stargazing. The city also has a vibrant arts community, with numerous galleries and art installations showcasing local and international talent.
Benefits of Bridge Loans in Twentynine Palms, California
