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Navigating the process of buying a new home in West Covina, 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 West Covina, CA or getting it ready for the market.
Identify the new home you want to buy in West Covina, 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 West Covina, 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 West Covina, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in West Covina, 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 West Covina, 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 West Covina, 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 West Covina, 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 West Covina, 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 West Covina offer numerous benefits for homebuyers, especially in a competitive real estate market. These short-term loans provide the flexibility to secure a new home before selling the existing one, allowing for quick transactions and preventing missed opportunities. West Covina, California, is a vibrant city with a diverse population. The demographics reflect a mix of cultures, with a growing number of young professionals and families choosing to call this city home. This diversity enriches the community and offers a range of experiences for residents. The housing market in West Covina is dynamic, with a range of housing options to suit different preferences and budgets. From cozy single-family homes to modern condominiums, the market caters to a variety of needs. Bridge loans can help buyers navigate this market by providing financial support during the transition period. West Covina boasts a variety of attractions, including the popular Westfield West Covina mall for shopping enthusiasts and the scenic Galster Wilderness Park for outdoor lovers. The city's vibrant culinary scene, with diverse dining options, adds to its charm, making it an attractive place to live and explore.
Benefits of Bridge Loans in West Covina, California
