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Navigating the process of buying a new home in Newbury 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 Newbury Park, CA or getting it ready for the market.
Identify the new home you want to buy in Newbury 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 Newbury 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 Newbury Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newbury 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 Newbury 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 Newbury 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 Newbury 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 Newbury 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!
Benefits of Bridge Loans: Bridge loans in Newbury Park, California offer a quick financing solution for individuals looking to purchase a new home before selling their current one. This type of loan provides the flexibility needed to make a competitive offer without being contingent on the sale of the existing property. Demographics: Newbury Park, California, is a vibrant community located in Ventura County. With a population of around 45,000 residents, the area attracts families and young professionals seeking a beautiful suburban environment with access to top-rated schools and outdoor recreational activities. Housing Market: The housing market in Newbury Park is competitive, with a median home price of $800,000. The area is known for its spacious single-family homes and peaceful neighborhoods, making it a desirable location for those looking for a high quality of life in Southern California. Main Attractions: Some of the main attractions in Newbury Park include the picturesque hiking trails in the Santa Monica Mountains, the Thousand Oaks Civic Arts Plaza for cultural events, and the nearby beaches of Malibu for relaxation and leisure activities.
Bridge Loans in Newbury Park, California
