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Navigating the process of buying a new home in Siluria, 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 Siluria, AL or getting it ready for the market.
Identify the new home you want to buy in Siluria, 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 Siluria, 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 Siluria, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Siluria, 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 Siluria, 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 Siluria, 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 Siluria, 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 Siluria, 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 Siluria, Alabama offer a flexible financing option for individuals looking to buy a new home before selling their current one. These loans provide quick access to funds, allowing homeowners to make competitive offers and avoid missing out on purchasing their dream home. Demographically, Siluria is a small, tight-knit community located in Shelby County, Alabama. The population is diverse, with a mix of families, young professionals, and retirees. The town boasts a strong sense of community and a low crime rate, making it an attractive place to raise a family or retire. In terms of the housing market, Siluria offers a range of options from historic homes to modern developments. The market is stable, with steady appreciation rates over the past few years. Bridge loans provide a valuable tool for buyers in Siluria to take advantage of these opportunities without the stress of timing the sale of their current home. Main attractions in Siluria include the beautiful hiking trails at Oak Mountain State Park, the historical Shelby Iron Works Park, and the nearby city of Birmingham with its vibrant arts and culture scene. Residents enjoy a mix of outdoor activities, cultural events, and dining options, making Siluria a desirable place to live.
Benefits of Bridge Loans in Siluria, Alabama
