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Navigating the process of buying a new home in Wildomar, 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 Wildomar, CA or getting it ready for the market.
Identify the new home you want to buy in Wildomar, 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 Wildomar, 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 Wildomar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wildomar, 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 Wildomar, 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 Wildomar, 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 Wildomar, 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 Wildomar, 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 Wildomar, California offer a unique financial solution for homeowners. These short-term loans provide quick access to funds to bridge the gap between the sale of a current property and the purchase of a new one. They enable buyers to secure their new home without the need to wait for the sale of their existing property, thus preventing missed opportunities in a competitive market. Demographically, Wildomar, California, is a diverse and growing community. With a mix of young families, professionals, and retirees, the city offers a range of housing options to suit different lifestyles. The population has been steadily increasing, reflecting the allure of the area and the opportunities it presents for residents. The housing market in Wildomar is dynamic and competitive. With a mix of new developments and established neighborhoods, there is a range of options for homebuyers. Bridge loans can be particularly beneficial in this market, as they provide the flexibility and speed needed to secure a property in a timely manner, especially in situations with multiple bidders.
Bridge Loans in Wildomar, California
