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Navigating the process of buying a new home in Universal City, 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 Universal City, CA or getting it ready for the market.
Identify the new home you want to buy in Universal City, 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 Universal City, 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 Universal City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Universal City, 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 Universal City, 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 Universal City, 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 Universal City, 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 Universal City, 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 Universal City, California offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. These loans provide temporary funds to cover the purchase price of the new home, allowing buyers to make a competitive offer and secure the property without the contingency of selling their existing home first. Demographically, Universal City is a vibrant and diverse community located in the heart of Los Angeles County. With a population of approximately 50,000 residents, the city boasts a mix of young professionals, families, and retirees. The area is known for its rich cultural heritage, welcoming atmosphere, and excellent school districts, making it a popular choice for individuals looking to settle down in Southern California. The housing market in Universal City is dynamic and competitive, with a median home value of $750,000. While property prices have been steadily increasing over the past few years, the market remains relatively balanced, offering opportunities for both buyers and sellers. The city features a mix of single-family homes, townhouses, and apartments, providing options for individuals at different stages of life. Some of the main attractions in Universal City include the iconic Universal Studios Hollywood, which offers thrilling rides, live entertainment, and behind-the-scenes tours of famous movie sets. Additionally, the city is home to the Universal CityWalk, a vibrant outdoor shopping and entertainment complex featuring restaurants, shops, and cinemas. Residents and visitors alike can also enjoy nearby attractions such as the Hollywood Walk of Fame and Griffith Observatory.
Benefits of Bridge Loans in Universal City, California
