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Navigating the process of buying a new home in Sylmar, 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 Sylmar, CA or getting it ready for the market.
Identify the new home you want to buy in Sylmar, 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 Sylmar, 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 Sylmar, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sylmar, 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 Sylmar, 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 Sylmar, 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 Sylmar, 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 Sylmar, 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 Sylmar, California offer numerous benefits to real estate investors and homeowners. One of the main advantages is the quick access to funds for purchasing a new property before selling an existing one. This helps in avoiding missed opportunities and allows for smoother transitions in real estate transactions. Additionally, bridge loans often have flexible terms and can be tailored to individual needs, making them a versatile financing option for various scenarios. Sylmar, California, is a vibrant community located in the San Fernando Valley. Demographically, the area is diverse with a mix of cultures and age groups. The median household income in Sylmar is above the national average, reflecting a stable economic environment. The population consists of families, young professionals, and retirees, creating a dynamic and inclusive neighborhood. The housing market in Sylmar, California, is competitive yet promising. With a mix of single-family homes, townhouses, and apartments, there are options for every buyer. The market offers potential for growth and investment, with property values steadily increasing over the years. Bridge loans provide the flexibility needed to take advantage of these opportunities and participate in the thriving real estate market in Sylmar. Sylmar boasts a range of attractions that cater to residents and visitors alike. The area is known for its scenic parks and outdoor recreational activities, making it a paradise for nature enthusiasts. Additionally, Sylmar is home to historical landmarks, cultural centers, and local eateries that showcase the rich heritage of the community. Whether exploring the hiking trails in the surrounding mountains or enjoying the local cuisine, Sylmar offers a unique and enjoyable lifestyle for all.
Benefits of Bridge Loans in Sylmar, California
