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Navigating the process of buying a new home in Valley Center, 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 Valley Center, CA or getting it ready for the market.
Identify the new home you want to buy in Valley Center, 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 Valley Center, 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 Valley Center, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Valley Center, 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 Valley Center, 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 Valley Center, 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 Valley Center, 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 Valley Center, 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 Valley Center, California offer a convenient financing option for homeowners looking to transition between the sale of one home and the purchase of another. These short-term loans provide the necessary funds to bridge the gap between the two transactions, allowing homeowners to secure their new property without having to wait for their current home to sell. Demographics: Valley Center, located in northern San Diego County, has a population of around 9,277 residents. The town has a rural feel with a mix of young professionals, families, and retirees. The median household income is $87,260, with a homeownership rate of 78%. Housing Market: The housing market in Valley Center is currently competitive, with a median home value of $632,800. The market has seen a steady increase in property values over the past few years, making it an attractive location for both buyers and sellers. Bridge loans can provide buyers with the flexibility and resources needed to secure a property in this competitive market. Main Attractions: Valley Center is known for its agricultural roots, with attractions such as Bates Nut Farm, a popular spot for seasonal events and shopping. The town also offers recreational activities like golfing at the Woods Valley Golf Club and exploring the nature trails at the Hellhole Canyon Preserve.
Benefits of Bridge Loans in Valley Center, California
