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Navigating the process of buying a new home in Redwood City, 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 Redwood City, CA or getting it ready for the market.
Identify the new home you want to buy in Redwood City, 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 Redwood City, 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 Redwood City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redwood City, 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 Redwood City, 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 Redwood City, 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 Redwood City, 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 Redwood City, 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 Redwood City, California offer numerous benefits for homebuyers and sellers. These short-term loans provide immediate funding to facilitate the purchase of a new home while waiting to sell an existing one. They allow for quick access to capital and help bridge financial gaps during the transition period. Demographically, Redwood City is a diverse and vibrant city located in the heart of Silicon Valley. It boasts a mix of young professionals, families, and retirees. The city has a strong job market, with tech giants like Oracle and Box having headquarters in the area, attracting a wide range of skilled workers. The housing market in Redwood City is competitive, with a mix of single-family homes, townhouses, and condominiums. The city's real estate prices have been steadily increasing over the years, making it an attractive investment opportunity. Bridge loans can help buyers secure properties in this competitive market by providing the necessary financial flexibility. Redwood City offers a variety of attractions, including the tech-inspired Redwood Shores, the picturesque Edgewood Park & Natural Preserve, and the vibrant downtown area with its diverse dining and shopping options. The city's proximity to San Francisco and Silicon Valley adds to its appeal as a desirable place to live and work.
Benefits of Bridge Loans in Redwood City, California
