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Navigating the process of buying a new home in Sherman Oaks, 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 Sherman Oaks, CA or getting it ready for the market.
Identify the new home you want to buy in Sherman Oaks, 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 Sherman Oaks, 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 Sherman Oaks, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sherman Oaks, 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 Sherman Oaks, 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 Sherman Oaks, 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 Sherman Oaks, 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 Sherman Oaks, 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 Sherman Oaks offer a flexible financing solution for homeowners looking to purchase a new property before selling their existing one. These loans provide quick access to funds, allowing buyers to secure their new home without the pressure of immediately selling their old property. Sherman Oaks, located in the San Fernando Valley region of Los Angeles, is a vibrant neighborhood with a diverse population. The area boasts a mix of young professionals, families, and retirees, creating a dynamic community with a range of amenities and services catering to different lifestyles. The housing market in Sherman Oaks is characterized by a mix of single-family homes, townhouses, and luxury estates. With a strong demand for housing driven by its desirable location, the market offers a variety of options for buyers looking to invest in the area. Bridge loans can help buyers secure their dream home in a competitive market. Some of the main attractions in Sherman Oaks include the iconic Sherman Oaks Galleria, a popular shopping and entertainment destination, and the beautiful Van Nuys Sherman Oaks Park, offering recreational activities for residents of all ages. The neighborhood also features a variety of dining options, cultural venues, and outdoor spaces for residents to enjoy.
Benefits of Bridge Loans in Sherman Oaks, California
