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Navigating the process of buying a new home in Newhall, 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 Newhall, CA or getting it ready for the market.
Identify the new home you want to buy in Newhall, 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 Newhall, 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 Newhall, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Newhall, 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 Newhall, 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 Newhall, 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 Newhall, 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 Newhall, 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 provide a short-term financing option to bridge the gap between the purchase of a new home and the sale of the current one. In a competitive real estate market like Newhall, this can offer buyers the flexibility and financial capability to secure their dream home without having to wait for their existing property to sell. Demographics: Newhall, California boasts a diverse population with a mix of families, young professionals, and retirees. The community is known for its welcoming atmosphere and strong sense of community, making it an ideal place to settle down and raise a family. Housing Market: The housing market in Newhall is robust, with a range of housing options available from charming historic homes to modern developments. With a strong demand for housing, property values have been steadily increasing, making it a lucrative investment opportunity for buyers. Main Attractions: Newhall is home to several attractions, including the William S. Hart Museum, a popular destination for history buffs, and the Placerita Canyon Nature Center, perfect for outdoor enthusiasts. The vibrant downtown area offers unique shops, restaurants, and cultural events for residents to enjoy.
Benefits of Bridge Loans in Newhall, California
