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Navigating the process of buying a new home in Topanga, 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 Topanga, CA or getting it ready for the market.
Identify the new home you want to buy in Topanga, 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 Topanga, 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 Topanga, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Topanga, 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 Topanga, 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 Topanga, 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 Topanga, 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 Topanga, 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 offer various advantages for Topanga, California residents. These short-term loans provide quick access to funds for closing on a new home before selling the current one. They can help avoid contingency clauses, giving buyers a competitive edge in the local real estate market. Topanga, California, known for its diverse community, boasts a population that embraces art, nature, and a distinctive lifestyle. With a blend of creative individuals, families, and retirees, the demographics of Topanga contribute to its unique charm and sense of community. The housing market in Topanga, California, is characterized by its scenic views and a mix of architectural styles, including contemporary homes and rustic retreats. The demand for properties in Topanga remains strong due to its proximity to Los Angeles and the natural beauty of the area, making it a desirable location for home buyers and investors. Topanga, California, offers a range of main attractions, such as Topanga State Park, known for its hiking trails and outdoor recreational opportunities. The town also features Theatricum Botanicum, an outdoor theater showcasing performances in a beautiful garden setting, adding to the cultural vibrancy of the area.
Benefits of Bridge Loans in Topanga, California
