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Navigating the process of buying a new home in Redwood Estates, 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 Estates, CA or getting it ready for the market.
Identify the new home you want to buy in Redwood Estates, 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 Estates, 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 Estates, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Redwood Estates, 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 Estates, 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 Estates, 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 Estates, 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 Estates, 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 Estates provide a flexible financing option for individuals looking to purchase a new home before selling their current one. This type of loan can help bridge the financial gap between buying and selling, offering short-term funds to cover the down payment or purchase price of the new property. Demographically, Redwood Estates in California is a picturesque community with a diverse population of approximately 2,000 residents. It offers a blend of suburban tranquility and urban convenience, making it an attractive place to live for families, professionals, and retirees alike. The housing market in Redwood Estates is characterized by a mix of charming single-family homes, townhouses, and luxury estates nestled in a scenic natural setting. With a median home price of $1.2 million, the market is competitive yet offers great investment potential for those seeking a beautiful and peaceful living environment. Some of the main attractions in Redwood Estates include the stunning Big Basin Redwoods State Park, known for its ancient redwood trees and hiking trails. Residents also enjoy easy access to Silicon Valley for employment opportunities and cultural excursions, making it a desirable location for both work and play.
Benefits of Bridge Loans in Redwood Estates, California
