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Navigating the process of buying a new home in Sawyerville, 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 Sawyerville, AL or getting it ready for the market.
Identify the new home you want to buy in Sawyerville, 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 Sawyerville, 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 Sawyerville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sawyerville, 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 Sawyerville, 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 Sawyerville, 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 Sawyerville, 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 Sawyerville, 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 Sawyerville, Alabama offer various advantages to homeowners, such as providing short-term financing to bridge the gap between the purchase of a new home and the sale of an existing one. This helps avoid missed opportunities and ensures a smoother transition. Demographically, Sawyerville is a small town with a population of approximately 400 residents. The town has a close-knit community feel, making it an ideal place for families and retirees seeking a peaceful and relaxed lifestyle. The housing market in Sawyerville is characterized by a mix of historic homes and newer developments. Property values have been steadily appreciating, making it a promising location for real estate investments. Bridge loans can help buyers capitalize on these opportunities. Some of the main attractions in Sawyerville include the picturesque Black Warrior River, which offers opportunities for fishing and boating. The town also boasts scenic hiking trails and quaint local shops, providing residents with a charming and enjoyable living environment.
Benefits of Bridge Loans in Sawyerville, Alabama
