Get Approved at The Lowest Rate
Navigating the process of buying a new home in Porter Ranch, 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 Porter Ranch, CA or getting it ready for the market.
Identify the new home you want to buy in Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, 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 Porter Ranch, California offer numerous advantages to homebuyers and sellers. One of the main benefits is the ability to secure financing quickly, enabling buyers to make competitive offers on desirable properties. This type of loan also provides flexibility by allowing homeowners to purchase a new home before selling their current one, reducing the stress of coordinating transactions. Porter Ranch is a vibrant community located in the San Fernando Valley region of Los Angeles County. With a population of around 30,000 residents, the area boasts a diverse demographic mix of families, young professionals, and retirees. The community is known for its top-rated schools, safe neighborhoods, and strong sense of community spirit. The housing market in Porter Ranch is dynamic and competitive, with a range of property options to suit different budgets and preferences. The median home value in the area is above the national average, reflecting the desirability of the location. Bridge loans can help buyers navigate this competitive market by providing the financial resources needed to secure their dream home. Porter Ranch offers a variety of attractions for residents and visitors alike. The community is home to scenic parks, upscale shopping centers, and gourmet dining options. Outdoor enthusiasts can enjoy hiking and biking in the nearby Santa Susana Mountains, while cultural attractions such as museums and art galleries provide entertainment for all ages.
Benefits of Bridge Loans in Porter Ranch, California
