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Navigating the process of buying a new home in Sweet Water, 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 Sweet Water, AL or getting it ready for the market.
Identify the new home you want to buy in Sweet Water, 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 Sweet Water, 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 Sweet Water, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Sweet Water, 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 Sweet Water, 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 Sweet Water, 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 Sweet Water, 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 Sweet Water, 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 in Sweet Water, Alabama offer quick access to funds for purchasing a new property before selling an existing one. This can help avoid missed opportunities in a competitive market and provide flexibility in the transition between homes. Demographics: Sweet Water, Alabama, is a small town with a close-knit community. The population consists of predominantly families and retirees looking for a peaceful and serene environment to call home. Housing Market: The real estate market in Sweet Water is stable, with a mix of charming historic homes and modern properties. Bridge loans can help buyers secure their dream home without the stress of selling their current property first. Main Attractions: The town boasts beautiful parks, scenic trails, and a rich cultural heritage. Residents enjoy outdoor activities like fishing, hiking, and exploring the local shops and restaurants.
Bridge Loans in Sweet Water, Alabama
