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Navigating the process of buying a new home in Castaic, 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 Castaic, CA or getting it ready for the market.
Identify the new home you want to buy in Castaic, 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 Castaic, 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 Castaic, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Castaic, 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 Castaic, 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 Castaic, 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 Castaic, 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 Castaic, 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 Castaic, California offer a valuable financial solution for individuals looking to purchase a new home before selling their current one. These short-term loans provide immediate funds to bridge the gap between the sale of the existing property and the purchase of a new one, offering flexibility and convenience to homeowners. Castaic, California, located in the northern part of Los Angeles County, boasts a diverse population with a mix of young professionals, families, and retirees. The area's demographic makeup contributes to a vibrant community atmosphere, with a range of amenities and services catering to residents of all ages. The housing market in Castaic, California, is dynamic and competitive, with a mix of single-family homes, townhouses, and condominiums available for sale. The median home price in Castaic is above the national average, reflecting the area's desirability and strong demand for housing. Bridge loans can help buyers navigate this competitive market and secure their dream home. Some main attractions in Castaic include the stunning Castaic Lake, a popular spot for outdoor activities such as boating, fishing, and picnicking. Additionally, the area is known for its scenic hiking trails, picturesque parks, and proximity to attractions like Six Flags Magic Mountain and Vasquez Rocks Natural Area Park, making it an ideal destination for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Castaic, California
