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Navigating the process of buying a new home in Avalon, 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 Avalon, CA or getting it ready for the market.
Identify the new home you want to buy in Avalon, 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 Avalon, 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 Avalon, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Avalon, 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 Avalon, 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 Avalon, 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 Avalon, 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 Avalon, 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 Avalon, California offer a flexible financing option for homebuyers who need quick funds to purchase a new property while waiting to sell their current one. These loans allow individuals to bridge the gap between the sale of their existing home and the purchase of a new one, preventing them from missing out on their dream property. Demographically, Avalon is a picturesque city located on Catalina Island in California, known for its stunning coastal views and Mediterranean climate. The population is around 3,700 residents, with a mix of locals and tourists who visit the area for its outdoor activities and charming atmosphere. The housing market in Avalon is unique, with a mix of historic homes and modern properties. The demand for housing is steady due to the city's popularity as a tourist destination, making it a desirable location for real estate investment. Bridge loans provide a valuable financial tool for buyers looking to capitalize on the opportunities in the Avalon housing market. Main attractions in Avalon include the iconic Catalina Casino, Descanso Beach Club, and the Wrigley Memorial & Botanic Garden. Visitors can enjoy outdoor activities like snorkeling, hiking, and zip-lining, making Avalon a vibrant and exciting place to live or vacation.
Benefits of Bridge Loans in Avalon, California
