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Navigating the process of buying a new home in Avila Beach, 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 Avila Beach, CA or getting it ready for the market.
Identify the new home you want to buy in Avila Beach, 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 Avila Beach, 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 Avila Beach, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Avila Beach, 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 Avila Beach, 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 Avila Beach, 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 Avila Beach, 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 Avila Beach, 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 offer a convenient solution for homebuyers in Avila Beach, California, allowing them to secure financing for a new home before selling their current one. This helps in avoiding the stress of timing the sale of one property with the purchase of another. Demographically, Avila Beach is known for its affluent residents and picturesque coastal location. With a median household income well above the national average, it attracts buyers looking for upscale properties and a high standard of living. The housing market in Avila Beach is competitive yet diverse, offering a mix of luxury waterfront homes, charming beachfront cottages, and modern condominiums. Bridge loans provide buyers with the flexibility to navigate this dynamic market and seize opportunities as they arise. Some main attractions in Avila Beach include the Avila Beach Pier, a popular spot for fishing and strolling, the Bob Jones City to Sea Trail for outdoor enthusiasts, and Avila Valley Barn, known for its fresh produce and family-friendly atmosphere.
Benefits of Bridge Loans in Avila Beach, California
