Get Approved at The Lowest Rate
Navigating the process of buying a new home in Simi Valley, 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 Simi Valley, CA or getting it ready for the market.
Identify the new home you want to buy in Simi Valley, 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 Simi Valley, 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 Simi Valley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley offer a valuable financing solution for homeowners looking to buy a new home before selling their current one. These loans provide quick access to funds, bridging the gap between the purchase of a new property and the sale of the existing one, thus preventing the need to wait for the sale proceeds. Simi Valley, located in Ventura County, has a rich demographic mix with a population that includes young professionals, families, and retirees. The city boasts a strong sense of community, excellent schools, and a variety of housing options, making it an attractive choice for many homebuyers seeking a vibrant and family-friendly environment. The housing market in Simi Valley is competitive yet diverse, offering a range of single-family homes, townhouses, and condominiums. While the market has seen steady appreciation in home values, the availability of bridge loans can help buyers secure their dream homes quickly, without the stress of selling their current property first. Simi Valley's main attractions include the picturesque Santa Susana Mountains, the Ronald Reagan Presidential Library, and numerous parks and recreational facilities. Residents enjoy a high quality of life with access to outdoor activities, cultural events, and shopping and dining options, making it a desirable place to live in Southern California.
Benefits of Bridge Loans in Simi Valley, California
