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Navigating the process of buying a new home in Tarzana, 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 Tarzana, CA or getting it ready for the market.
Identify the new home you want to buy in Tarzana, 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 Tarzana, 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 Tarzana, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Tarzana, 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 Tarzana, 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 Tarzana, 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 Tarzana, 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 Tarzana, 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 Tarzana offer several benefits to homeowners. They provide short-term financing that allows individuals to bridge the gap between the purchase of a new home and the sale of their current one. This can help avoid the need for contingent offers and facilitate a smoother transition to a new property. Tarzana, located in the San Fernando Valley region of Los Angeles, boasts a diverse population with a mix of families and young professionals. The median household income is above the national average, and the area is known for its excellent schools and vibrant community. The housing market in Tarzana is robust, with a steady demand for properties. The real estate market offers a mix of single-family homes, condos, and luxury properties. Bridge loans can provide a competitive edge to buyers in such a dynamic market, helping them secure their dream home without delays. Some of the main attractions in Tarzana include the beautiful Tarzana Park, the Tarzana Recreation Center, and the trendy shopping and dining options along Ventura Boulevard. The area's proximity to hiking trails and parks makes it an ideal location for outdoor enthusiasts.
Benefits of Bridge Loans in Tarzana, California
