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Navigating the process of buying a new home in Oxnard, 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 Oxnard, CA or getting it ready for the market.
Identify the new home you want to buy in Oxnard, 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 Oxnard, 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 Oxnard, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oxnard, 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 Oxnard, 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 Oxnard, 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 Oxnard, 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 Oxnard, 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 Oxnard offer a quick and flexible financing solution for individuals looking to purchase a new home before selling their current property. This allows borrowers to avoid missing out on their dream home while waiting for their existing home to sell. These loans provide short-term funds to cover the down payment on the new property, with terms ranging from a few weeks to a few months. They can be a valuable tool in competitive real estate markets, giving buyers a competitive edge and increasing their purchasing power. Bridge loans in Oxnard are particularly beneficial for homeowners in need of liquidity and speed in their transactions. They can offer temporary relief by providing the necessary funds to transition smoothly from one property to another without the stress of timing constraints. Demographics Oxnard, a coastal city in California, has a diverse population with a mix of cultures and ethnicities. The city has a strong Hispanic influence, contributing to its vibrant community and cultural offerings. Housing Market The housing market in Oxnard is dynamic, with a mix of single-family homes, townhouses, and condos. The city offers a range of housing options to suit different needs and budgets, making it an attractive destination for homebuyers. Main Attractions Oxnard boasts beautiful beaches, including Mandalay Beach and Silver Strand Beach, that attract locals and tourists alike. The city is also home to the Channel Islands Harbor, where visitors can enjoy waterfront dining, shopping, and water activities.
The Benefits of Bridge Loans in Oxnard, California
