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Navigating the process of buying a new home in Calvert, 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 Calvert, AL or getting it ready for the market.
Identify the new home you want to buy in Calvert, 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 Calvert, 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 Calvert, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Calvert, 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 Calvert, 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 Calvert, 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 Calvert, 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 Calvert, 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!
Benefits of Bridge Loans: Bridge loans offer a short-term financing solution, providing funds to cover down payments for new properties before selling existing ones. This enables buyers to seize opportunities quickly and without the constraints of a traditional mortgage. Demographics: Calvert, Alabama, has a diverse population with a mix of age groups, including young professionals, families, and retirees. The community values its rich history and tight-knit neighborhoods, making it a desirable place to live. Housing Market: Calvert's housing market is stable, with a range of property types available, from historic homes to modern developments. Bridge loans can help buyers secure their dream homes without the stress of timing the sale of their current property. Main Attractions: Calvert boasts a variety of attractions, including the Historic Blakeley State Park, offering hiking trails and Civil War history. The community also hosts local events, farmers' markets, and cultural festivals, providing residents with a vibrant and engaging environment.
Bridge Loans in Calvert, Alabama
