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Navigating the process of buying a new home in Verdugo 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 Verdugo City, CA or getting it ready for the market.
Identify the new home you want to buy in Verdugo 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 Verdugo 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 Verdugo City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Verdugo 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 Verdugo 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 Verdugo 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 Verdugo 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 Verdugo 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!
A bridge loan in Verdugo City, California offers a convenient financing solution for homeowners who are looking to purchase a new property without selling their current one. This type of loan provides short-term funding to bridge the gap between the sale of the existing home and the purchase of a new one, avoiding the need for a contingent offer. Verdugo City, located in the scenic hills of Los Angeles County, boasts a diverse population with a mix of families, young professionals, and retirees. The area is known for its excellent schools, safe neighborhoods, and vibrant community events, making it an ideal place for families and individuals looking for a peaceful yet connected lifestyle. The housing market in Verdugo City is robust, with a range of housing options available from single-family homes to modern apartments. The average home price has seen steady growth in recent years, offering a solid investment opportunity for buyers. Bridge loans can help facilitate quick property purchases in this competitive market.
Benefits of Bridge Loans in Verdugo City, California
