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Navigating the process of buying a new home in Daviston, 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 Daviston, AL or getting it ready for the market.
Identify the new home you want to buy in Daviston, 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 Daviston, 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 Daviston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Daviston, 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 Daviston, 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 Daviston, 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 Daviston, 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 Daviston, 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 in Daviston, Alabama offer a range of benefits to home buyers and sellers. One of the key advantages is the quick access to funds, allowing individuals to bridge the gap between buying a new home and selling their current one seamlessly. Daviston, Alabama, with a population of around 2000 residents, is a small, close-knit community. The town enjoys a suburban rural mix feel and most residents own their homes. The area is known for its friendly neighborhoods and strong community spirit. The housing market in Daviston is stable and offers a mix of residential properties. Home prices are affordable, making it an attractive location for first-time buyers and families looking to settle down. Bridge loans can provide the necessary financial flexibility to secure a home in this competitive market. Daviston, Alabama boasts various attractions, including Lake Martin, a popular spot for outdoor activities such as fishing, boating, and hiking. The town also hosts annual events like the Daviston Fall Festival, bringing the community together for fun and entertainment.
Benefits of Bridge Loans in Daviston, Alabama
