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Navigating the process of buying a new home in Venice, 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 Venice, CA or getting it ready for the market.
Identify the new home you want to buy in Venice, 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 Venice, 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 Venice, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Venice, 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 Venice, 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 Venice, 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 Venice, 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 Venice, 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 a flexible financing option for individuals looking to buy a new home before selling their current one. In a competitive market like Venice, California, this can give buyers a significant edge by providing quick access to funds without having to wait for the sale of their existing property. Demographics: Venice is known for its diverse population, with a mix of artists, professionals, and tech entrepreneurs. The neighborhood attracts young professionals and creatives due to its vibrant culture and proximity to the beach. Housing Market: Venice has a booming real estate market with high demand for properties, making it an ideal location for property investment. Bridge loans can help buyers act fast in this competitive market, securing their dream home without missing out on opportunities. Main Attractions: Venice Beach, the iconic Ocean Front Walk, and the historic Venice Canals are popular attractions in the area. Residents enjoy a laid-back beach lifestyle, trendy shops, and a bustling restaurant scene.
Benefits of Bridge Loans in Venice, California
