Get Approved at The Lowest Rate
Navigating the process of buying a new home in Toluca Lake, 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 Toluca Lake, CA or getting it ready for the market.
Identify the new home you want to buy in Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, 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 Toluca Lake, 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 Toluca Lake offer quick financing solutions for individuals looking to buy a new home before selling their existing one. These loans bridge the gap between the purchase of a new property and the sale of the current one, providing flexibility and convenience to homeowners. Demographically, Toluca Lake is known for its affluent community with a mix of professionals and celebrities. The neighborhood boasts a picturesque setting with tree-lined streets and luxury homes, making it an attractive location for those seeking upscale living in the Los Angeles area. In terms of the housing market, Toluca Lake is a competitive real estate hub characterized by high property values and a strong demand for housing. Bridge loans can help buyers navigate this competitive market by giving them the financial leverage needed to secure their dream home without delays. Some of the main attractions in Toluca Lake include the beautiful Lakeside Golf Club, the historic Toluca Lake Village, and close proximity to major entertainment studios like Warner Bros. Studios. Residents also enjoy easy access to trendy restaurants, boutique shops, and scenic outdoor spaces.
Benefits of Bridge Loans in Toluca Lake, California
