Get Approved at The Lowest Rate
Navigating the process of buying a new home in Malibu, 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 Malibu, CA or getting it ready for the market.
Identify the new home you want to buy in Malibu, 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 Malibu, 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 Malibu, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Malibu, 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 Malibu, 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 Malibu, 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 Malibu, 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 Malibu, 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 Malibu, California offer a convenient and flexible financing option for homebuyers. These loans provide short-term funding to bridge the gap between the purchase of a new home and the sale of the current one. This allows buyers to make a quick purchase without being held back by the lengthy process of selling their existing property. Malibu, California, known for its stunning beaches and celebrity residences, boasts a diverse demographic mix. The city has a population of approximately 12,800 residents, with a median household income of $135,530. The majority of residents are professionals and entrepreneurs seeking the luxurious lifestyle that Malibu offers. The housing market in Malibu is characterized by high-end luxury properties and breathtaking oceanfront estates. The median home value in Malibu stands at around $3.2 million, making it a prime location for high-net-worth individuals looking for exclusive real estate opportunities. Bridge loans play a crucial role in facilitating these upscale transactions. Malibu is famous for its iconic attractions such as Zuma Beach, Malibu Pier, and the Getty Villa. Tourists and residents alike enjoy surfing, hiking, and visiting vineyards in the picturesque Malibu wine region. The area's natural beauty and upscale amenities make it a desirable location for homeowners seeking a lavish lifestyle.
Bridge Loans in Malibu, California
