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Navigating the process of buying a new home in Whittier, 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 Whittier, CA or getting it ready for the market.
Identify the new home you want to buy in Whittier, 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 Whittier, 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 Whittier, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Whittier, 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 Whittier, 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 Whittier, 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 Whittier, 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 Whittier, 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 Whittier, California offer numerous benefits to homeowners and potential buyers. They provide a short-term financing option that allows individuals to bridge the gap between the purchase of a new property and the sale of an existing one. This can be especially helpful in competitive real estate markets where timing is crucial, enabling smooth transitions without the need for contingent offers. Whittier, California, located in Los Angeles County, has a diverse population with a mix of cultures, including Hispanic, Caucasian, and Asian residents. The city is known for its strong sense of community and offers a range of amenities such as parks, recreational facilities, and shopping centers. The median household income in Whittier is above the national average, making it an attractive location for homebuyers seeking a vibrant suburban lifestyle. The housing market in Whittier, California, is dynamic and competitive. The city offers a variety of housing options, including single-family homes, townhouses, and condominiums. With a mix of historic and modern properties, Whittier appeals to diverse preferences and budgets. The median home value in Whittier has been steadily increasing, reflecting the city's desirability and potential for long-term investment.
Benefits of Bridge Loans in Whittier, California
