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Navigating the process of buying a new home in Albion, 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 Albion, CA or getting it ready for the market.
Identify the new home you want to buy in Albion, 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 Albion, 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 Albion, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Albion, 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 Albion, 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 Albion, 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 Albion, 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 Albion, 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!
Benefits: Bridge loans in Albion, California provide quick financing solutions for individuals looking to purchase new homes before selling their existing ones. These loans offer flexibility and convenience, allowing homeowners to secure their dream properties without waiting for their old homes to sell. Demographics: Albion, California, is a charming coastal town with a population of approximately 300 residents. The community is known for its artistic vibe, attracting painters, writers, and musicians. The town has a mix of young families and retirees, creating a close-knit and welcoming atmosphere. Housing Market: The housing market in Albion offers diverse options ranging from cozy cottages to luxurious waterfront properties. The median home price is around $600,000, with steady appreciation rates. Bridge loans can help buyers access these properties quickly, taking advantage of the competitive market. Main Attractions: Albion is home to stunning beaches, hiking trails, and local art galleries. The iconic Albion River Bridge offers breathtaking views of the coastline, making it a popular spot for residents and tourists alike. The town's proximity to Mendocino and Fort Bragg adds to its appeal.
Benefits of Bridge Loans in Albion, California
