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Navigating the process of buying a new home in Auburn, 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 Auburn, CA or getting it ready for the market.
Identify the new home you want to buy in Auburn, 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 Auburn, 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 Auburn, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Auburn, 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 Auburn, 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 Auburn, 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 Auburn, 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 Auburn, 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 Auburn, California offer a valuable financial tool for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide quick access to funds, allowing individuals to secure a new home without the pressure of immediate sale. Demographically, Auburn boasts a diverse population of around 14,000 residents. The city attracts a mix of young professionals, families, and retirees drawn to its charming small-town atmosphere, outdoor recreational opportunities, and proximity to Sacramento. The housing market in Auburn is dynamic, with a median home price of approximately $450,000. The market caters to a range of budgets and preferences, offering a variety of property types from historic homes in the Old Town to modern developments in the surrounding areas. Main attractions in Auburn include the historic Old Town Auburn, renowned for its Gold Rush-era architecture and vibrant arts scene. Outdoor enthusiasts can enjoy the nearby American River Canyon, as well as hiking and biking trails in the Auburn State Recreation Area.
Benefits of Bridge Loans in Auburn, California
