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Navigating the process of buying a new home in Reseda, 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 Reseda, CA or getting it ready for the market.
Identify the new home you want to buy in Reseda, 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 Reseda, 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 Reseda, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Reseda, 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 Reseda, 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 Reseda, 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 Reseda, 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 Reseda, 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 Reseda, California offer numerous benefits to homeowners and investors. These short-term loans provide quick access to funds, allowing borrowers to bridge the gap between the purchase of a new property and the sale of an existing one. They are an excellent solution for those looking to avoid contingent offers and secure a new property promptly. Demographically, Reseda is a diverse neighborhood in the San Fernando Valley with a mix of young families, professionals, and retirees. The area boasts a combination of residential and commercial spaces, creating a vibrant community with easy access to schools, shopping centers, and parks. The housing market in Reseda is competitive, with a mix of single-family homes, townhouses, and apartments. Bridge loans provide a competitive advantage to buyers in this market by facilitating quick transactions and enabling them to make strong, non-contingent offers, giving them an edge over other buyers. Some of the main attractions in Reseda include the iconic Reseda Park, known for its sports facilities and events, and the Japanese Garden at Lake Balboa, a peaceful retreat offering scenic views and cultural experiences. Residents also enjoy easy access to hiking trails in the Santa Monica Mountains and top-rated dining options along Ventura Boulevard.
Benefits of Bridge Loans in Reseda, California
