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Navigating the process of buying a new home in Van Nuys, 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 Van Nuys, CA or getting it ready for the market.
Identify the new home you want to buy in Van Nuys, 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 Van Nuys, 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 Van Nuys, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Van Nuys, 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 Van Nuys, 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 Van Nuys, 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 Van Nuys, 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 Van Nuys, 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 Van Nuys provide quick access to funds for buying a new home before selling your existing one. They offer flexibility and speed, allowing you to secure the new property without the constraints of a home sale contingency. Demographics in Van Nuys include a diverse population with a mix of young professionals, families, and retirees. The area has a vibrant cultural scene with various dining options, shopping centers, and recreational facilities. The housing market in Van Nuys is dynamic, with a mix of single-family homes, townhouses, and apartments. The median home price is competitive, making it an attractive location for first-time buyers and investors alike. Main attractions in Van Nuys include the Van Nuys Recreation Area, offering outdoor activities like hiking and picnicking. Additionally, the Van Nuys Airport and the Japanese Garden are popular spots for locals and tourists.
Benefits of Bridge Loans in Van Nuys, California
