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Navigating the process of buying a new home in Beaverton, AL 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 Beaverton, AL or getting it ready for the market.
Identify the new home you want to buy in Beaverton, AL, 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 Beaverton, AL 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 Beaverton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Beaverton, AL. 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 Beaverton, AL 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 Beaverton, AL 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 Beaverton, AL 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 Beaverton, AL 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 vital financial solution for individuals in Beaverton, Alabama, looking to purchase a new home before selling their existing one. This type of loan provides temporary financing to bridge the gap between the sale of a current residence and the purchase of a new one, allowing homeowners to make a smooth transition without the stress of owning two properties simultaneously. Demographically, Beaverton, Alabama, is a charming small town with a population that is close-knit and community-oriented. The town boasts a mix of families, retirees, and young professionals, creating a diverse and welcoming neighborhood. The low crime rate and good schools make it an ideal place for families looking to settle down. The housing market in Beaverton is currently stable, with a range of affordable housing options available for buyers. The median home price is lower than the national average, making it an attractive location for first-time homebuyers or those looking to invest in property. Bridge loans can help prospective buyers secure their dream home quickly in this competitive market. Beaverton, Alabama, offers various attractions for residents and visitors alike. From scenic parks and outdoor recreational activities to local eateries and shops, there is something for everyone to enjoy in this picturesque town. The sense of community pride and the welcoming atmosphere make Beaverton a desirable place to call home.
Benefits of Bridge Loans in Beaverton, Alabama
