Windermere Bridge Loan

A Windermere Bridge Loan is just one example of many services created exclusively for Windermere’s buyers and sellers.

It’s simple … A Windermere Bridge Loan from the Washington Loan Company, Inc. lets you buy real estate when you need it. Of course, you must buy your new home through a Windermere Real Estate / Bainbridge Island sales associate and the home you are selling must be listed with WindermereReal Estate / Bainbridge Island for at least a nine month period.

It gives you a stronger negotiation position by enabling you to make an offer on a home free of house sale contingencies, so your offer is more likely to be accepted by a seller and close quickly. Best of all, you don’t have to risk losing your new home while waiting for your present home to sell.

It’s fast … Time is critical to successful real estate transactions, so the Windermere Bridge Loan application process is easy. Completing a brief application form is the only paperwork required; we do the rest! Your Windermere Real Estate / Bainbridge Island sales associate will complete an analysis of the present market value of your current home and you can borrow as much as 75 percent of the equity.

Depending on the amount of your equity, your bridge loan could be as much as $250,000. After your equity is verified and your preliminary title report is reviewed by the Washington Loan Company, you’ll receive loan approval within a few days. That’s all it takes!

It’s inexpensive … Windermere Bridge Loan costs are very competitive: the interest rate is the SeaFirst Bank prime rate plus one percent (1%), the loan fee is just one percent of the loan amount and the title search fee is $100.

You have the option of making either monthly or quarterly interest-only payments or deferring all payments until your loan is repaid when your current home sells and closes or after nine months, whichever comes first.

It works … Thousands of Windermere home buyers and sellers have made real estate transactions work by using the Windermere Bridge Loan. Many borrowers — whose current homes sell before they actually close on their new ones — never actually need the loan.

No other real estate company has a bridge loan company like ours. And it’s available exclusively to Windermere buyers and sellers because we want you to be able to buy your new home when you find it!