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Navigating the process of buying a new home in Westminster, 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 Westminster, CA or getting it ready for the market.
Identify the new home you want to buy in Westminster, 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 Westminster, 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 Westminster, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Westminster, 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 Westminster, 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 Westminster, 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 Westminster, 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 Westminster, 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 offer a temporary financial solution for homeowners in Westminster, California, allowing them to purchase a new home before selling their current one. This can be advantageous as it provides immediate access to funds without waiting for the sale of the existing property. Demographically, Westminster is a diverse city in Orange County, with a significant Vietnamese American population. The city offers a mix of suburban and urban living, attracting residents looking for a vibrant community with access to various amenities and cultural experiences. In terms of the housing market, Westminster offers a range of housing options, from single-family homes to condominiums. The real estate market is competitive, with prices steadily increasing, making it an attractive investment opportunity for buyers and sellers alike. Some main attractions in Westminster include Little Saigon, a bustling cultural district with authentic Vietnamese cuisine and shopping. The city is also home to Westminster Mall, a popular shopping destination, and several parks and recreational facilities for outdoor enthusiasts.
Benefits of Bridge Loans in Westminster, California
