Get Approved at The Lowest Rate
Navigating the process of buying a new home in Thousand 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 Thousand Oaks, CA or getting it ready for the market.
Identify the new home you want to buy in Thousand 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 Thousand 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 Thousand Oaks, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Thousand 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 Thousand 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 Thousand 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 Thousand 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 Thousand 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 are a valuable financial tool for residents in Thousand Oaks, California. These short-term loans provide quick access to funds, enabling homeowners to bridge the gap between the purchase of a new home and the sale of their current one. One of the key benefits of bridge loans is the ability to secure financing without having to make a contingent offer, giving buyers a competitive edge in a hot real estate market. Thousand Oaks, situated in Ventura County, boasts a diverse population with a median household income above the national average. The city's residents enjoy a high quality of life, excellent schools, and numerous parks and recreational facilities. With a strong sense of community and a focus on sustainability, Thousand Oaks is an attractive place to live for families and professionals alike. The housing market in Thousand Oaks is robust, offering a mix of single-family homes, townhouses, and luxury estates. With a stable economy and strong job market, the real estate sector has remained resilient, making it an appealing investment opportunity. The median home value in Thousand Oaks is above the state average, reflecting the city's desirability and potential for long-term growth.
Benefits of Bridge Loans in Thousand Oaks, California
