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Navigating the process of buying a new home in Oak 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 Oak Park, CA or getting it ready for the market.
Identify the new home you want to buy in Oak 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 Oak 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 Oak Park, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oak 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 Oak 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 Oak 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 Oak 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 Oak 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!
Bridge loans in Oak Park, California offer numerous benefits to homebuyers and sellers. These short-term loans provide quick access to funds for purchasing a new home before selling an existing one. They help avoid the stress of timing mismatches between buying and selling, allowing for seamless transitions. Oak Park, California, boasts a diverse demographic profile with a mix of young professionals, families, and retirees. The community is known for its top-rated schools, safe neighborhoods, and proximity to outdoor recreational areas. Its strategic location offers easy access to major employment centers in nearby cities. The housing market in Oak Park is thriving, with a strong demand for single-family homes and townhouses. The area offers a range of housing options to cater to different needs and preferences. Property values have been steadily appreciating, making it an attractive investment opportunity for buyers and sellers alike. Some main attractions in Oak Park include the scenic hiking trails of nearby Santa Monica Mountains, excellent dining options, and a vibrant arts and cultural scene. Residents enjoy a high quality of life with access to parks, shopping centers, and community events throughout the year.
Bridge Loans in Oak Park, California
