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Navigating the process of buying a new home in Verbena, 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 Verbena, AL or getting it ready for the market.
Identify the new home you want to buy in Verbena, 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 Verbena, 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 Verbena, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Verbena, 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 Verbena, 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 Verbena, 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 Verbena, 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 Verbena, 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 Verbena, Alabama offer numerous benefits for homebuyers and investors. They provide short-term financing to bridge the gap between buying a new home and selling an existing property. This allows for quick transactions and flexibility in real estate deals. Verbena, Alabama, located in Chilton County, has a population of approximately 3,900 residents. The town boasts a diverse community with a mix of families, young professionals, and retirees. The median household income is $50,000, and the cost of living is relatively affordable, making it an attractive place to live. The housing market in Verbena is dynamic, with a range of properties available including single-family homes, townhouses, and apartments. The median home price is $150,000, making it an affordable option for first-time homebuyers. Bridge loans can help facilitate quick transactions in this competitive market. Main attractions in Verbena include the beautiful Higgins Ferry Park along the Coosa River, offering opportunities for fishing and boating. The town also hosts various community events throughout the year, providing residents with a tight-knit and welcoming environment.
Bridge Loans in Verbena, Alabama
