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Navigating the process of buying a new home in Granada Hills, 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 Granada Hills, CA or getting it ready for the market.
Identify the new home you want to buy in Granada Hills, 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 Granada Hills, 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 Granada Hills, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Granada Hills, 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 Granada Hills, 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 Granada Hills, 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 Granada Hills, 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 Granada Hills, 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 Granada Hills come with several benefits. They provide quick access to funds enabling individuals to bridge the gap between buying a new home and selling their existing one. This flexibility allows for smoother transitions without the pressure to sell quickly. Additionally, bridge loans often have lower credit score requirements compared to traditional loans, making them more accessible to a wider range of borrowers. Demographics Granada Hills, California, is a diverse and vibrant community. The population consists of a mix of families, young professionals, and retirees. The area boasts a strong sense of community with various cultural backgrounds represented. Residents enjoy access to good schools, parks, and a range of dining options, creating a desirable living environment for people of all ages. Housing Market The housing market in Granada Hills is dynamic and offers a variety of options. From single-family homes to condos and townhouses, there is something for everyone. The market is competitive, with properties often selling quickly. Bridge loans can provide a competitive edge to buyers, allowing them to secure the home of their choice while awaiting the sale of their current property. Main Attractions Granada Hills is known for its scenic beauty and outdoor attractions. The area is home to several parks and hiking trails, offering residents ample opportunities for outdoor recreation. Additionally, the vibrant shopping and dining scene in Granada Hills provides a diverse range of options for entertainment and relaxation.
Benefits of Bridge Loans in Granada Hills, California
