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Navigating the process of buying a new home in Canoga Park, 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 Canoga Park, CA or getting it ready for the market.
Identify the new home you want to buy in Canoga Park, 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 Canoga Park, 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 Canoga Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Canoga Park, 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 Canoga Park, 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 Canoga Park, 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 Canoga Park, 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 Canoga Park, 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 Canoga Park offer numerous benefits for homebuyers. These short-term loans provide quick financing, allowing buyers to bridge the gap between buying a new home and selling their current one. They can help secure a new property without having to wait for the sale of the old one, providing flexibility and speed in real estate transactions. Canoga Park, located in the San Fernando Valley, is a diverse community in Los Angeles, California. With a population that includes a mix of families, young professionals, and retirees, the area offers a blend of urban and suburban living. The neighborhood is known for its cultural diversity, vibrant dining scene, and numerous parks and recreational facilities. The housing market in Canoga Park is dynamic, with a range of property types including single-family homes, townhouses, and condominiums. The real estate market is competitive, with a mix of properties for sale and rent. Bridge loans can help buyers navigate this market by providing the necessary funds to make competitive offers and secure desired properties.
Benefits of Bridge Loans in Canoga Park, California
