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Navigating the process of buying a new home in Peterson, 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 Peterson, AL or getting it ready for the market.
Identify the new home you want to buy in Peterson, 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 Peterson, 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 Peterson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Peterson, 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 Peterson, 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 Peterson, 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 Peterson, 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 Peterson, 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 residents in Peterson, Alabama, a valuable financing option when transitioning between homes. These short-term loans provide quick access to funds, allowing homeowners to make a down payment on a new property before selling their existing one. This flexibility eliminates the need to wait for the sale of their current home, enabling a smoother transition and ensuring they secure their desired next property. Peterson, Alabama, boasts a diverse population, with a mix of young families, professionals, and retirees. The town's welcoming community spirit and strong sense of camaraderie make it an ideal place to raise a family or settle down. With a range of housing options to suit different needs, Peterson offers something for everyone, from quaint historic homes to modern developments. The housing market in Peterson, Alabama, is thriving, with steady appreciation rates and a strong demand for properties. Home values have been increasing steadily, making it an attractive location for real estate investment. Bridge loans provide a strategic advantage to buyers in this competitive market, allowing them to act quickly and secure their dream home before it's off the market. In addition to its vibrant real estate market, Peterson, Alabama, is home to a variety of attractions that cater to residents and visitors alike. From picturesque parks and scenic landscapes to local shops and restaurants, the town offers a rich array of amenities. The welcoming community and leisure opportunities make Peterson a truly special place to call home.
Benefits of Bridge Loans in Peterson, Alabama
