Get Approved at The Lowest Rate
Navigating the process of buying a new home in Wilmington, 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 Wilmington, CA or getting it ready for the market.
Identify the new home you want to buy in Wilmington, 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 Wilmington, 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 Wilmington, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wilmington, 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 Wilmington, 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 Wilmington, 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 Wilmington, 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 Wilmington, 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!
Benefits Bridge loans offer quick access to funds for purchasing a new property before selling an existing one, helping buyers secure their dream home without delays. They provide flexibility in repayment terms, allowing borrowers to align payments with the sale of their current property, reducing financial stress. Bridge loans can be a helpful tool for real estate investors looking to capitalize on investment opportunities, bridging the gap between transactions seamlessly. Demographics Wilmington, California, has a diverse population with a mix of Hispanic, White, African American, and Asian residents, creating a vibrant community atmosphere. The median age in Wilmington is around 30 years old, making it a youthful and energetic neighborhood with a growing workforce and entrepreneurial spirit. The area is known for its rich cultural heritage and strong sense of community, offering residents a welcoming and inclusive environment to call home. Housing Market The housing market in Wilmington, California, is dynamic and evolving, with a range of housing options from historic homes to modern condos. Property values have been appreciating steadily, making it an attractive location for both first-time buyers and real estate investors looking for growth potential. With competitive interest rates and a variety of loan options available, buyers in Wilmington have the opportunity to find their ideal home in this thriving market. Main Attractions Wilmington offers easy access to beautiful beaches, including the popular Banning Park and the nearby Long Beach shoreline, providing residents with endless outdoor recreational opportunities. The area is home to the iconic USS Iowa Museum, showcasing a piece of American naval history and offering a fascinating glimpse into the country's maritime heritage. Wilmington's proximity to Los Angeles allows residents to enjoy a vibrant city life, with access to world-class dining, entertainment, and cultural experiences just a short drive away.
Benefits of Bridge Loans in Wilmington, California
