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Navigating the process of buying a new home in Avenal, 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 Avenal, CA or getting it ready for the market.
Identify the new home you want to buy in Avenal, 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 Avenal, 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 Avenal, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Avenal, 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 Avenal, 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 Avenal, 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 Avenal, 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 Avenal, 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 Avenal, California offers a convenient short-term financing solution for homeowners looking to purchase a new home before selling their existing property. This type of loan provides quick access to funds, allowing individuals to bridge the financial gap between buying and selling a home. Demographically, Avenal is a diverse community located in Kings County, California. The population consists of a mix of families, young professionals, and retirees. The town's close-knit community and strong sense of belonging make it an attractive place to live. The housing market in Avenal is dynamic, with a range of options including single-family homes, condos, and apartments. The real estate market is relatively stable, offering affordable housing options for first-time buyers and families looking to settle down in a peaceful neighborhood. Main attractions in Avenal include the Avenal Theater, which hosts various cultural events and movie screenings, as well as the Avenal Municipal Pool, a popular spot for residents to relax and cool off during the hot summer months. Additionally, the nearby Avenal Sand Drags offer thrilling off-road racing experiences for adrenaline enthusiasts.
Benefits of Bridge Loans in Avenal, California
