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Navigating the process of buying a new home in Redway, 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 Redway, CA or getting it ready for the market.
Identify the new home you want to buy in Redway, 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 Redway, 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 Redway, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redway, 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 Redway, 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 Redway, 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 Redway, 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 Redway, 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 serve as a valuable financial tool for homebuyers in Redway, California. These short-term loans can provide quick access to funds to bridge the gap between the purchase of a new home and the sale of an existing one. They offer flexibility, allowing homeowners to avoid the stress of carrying two mortgages simultaneously. Demographics: Redway, located in Humboldt County, has a population of approximately 1,200 residents. The community is known for its diverse population, with a mix of young professionals, families, and retirees. The area boasts a strong sense of community and a variety of local amenities. Housing Market: The housing market in Redway is competitive yet affordable compared to other parts of California. Bridge loans can help buyers secure their dream homes in this market by providing the necessary financial support during the transition period. With a range of housing options available, from cozy cottages to spacious family homes, Redway offers something for everyone. Main Attractions: Redway is surrounded by stunning natural beauty, including the majestic Redwood forests and the picturesque Eel River. Outdoor enthusiasts enjoy hiking, biking, fishing, and kayaking in the area. The town also hosts vibrant local shops, farmers markets, and cultural events that showcase the unique charm of Redway.
The Benefits of Bridge Loans in Redway, California
