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Navigating the process of buying a new home in Moorpark, 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 Moorpark, CA or getting it ready for the market.
Identify the new home you want to buy in Moorpark, 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 Moorpark, 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 Moorpark, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Moorpark, 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 Moorpark, 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 Moorpark, 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 Moorpark, 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 Moorpark, 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 Moorpark, California offer a valuable solution for homeowners looking to purchase a new home before selling their current one. These loans provide immediate funds to secure the new property without the pressure of timing the sale of the existing home perfectly. Demographics: Moorpark, California, is a vibrant city with a population of approximately 37,000 residents. The city boasts a diverse community with a mix of families, young professionals, and retirees, creating a welcoming and inclusive atmosphere. Housing Market: Moorpark's housing market is robust, with a median home value of $650,000. The market offers a range of housing options, from modern single-family homes to cozy townhouses, catering to various preferences and budgets. Main Attractions: Moorpark is known for its scenic beauty, with attractions such as the Reagan Library and Museum, the Moorpark College Zoo, and various hiking trails that showcase the city's natural splendor.
The Benefits of Bridge Loans in Moorpark, California
