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Navigating the process of buying a new home in Wadley, 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 Wadley, AL or getting it ready for the market.
Identify the new home you want to buy in Wadley, 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 Wadley, 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 Wadley, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wadley, 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 Wadley, 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 Wadley, 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 Wadley, 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 Wadley, 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 a convenient solution for homeowners in Wadley, Alabama, allowing them to bridge the gap between the purchase of a new home and the sale of their existing one. This can provide financial flexibility and help avoid the need for a contingency offer when moving to a new property. Demographically, Wadley is a small town in Randolph County, Alabama, with a population of approximately 640 residents. The community is known for its friendly atmosphere, low cost of living, and close-knit neighborhood feel, making it an ideal place for families and individuals looking for a peaceful living environment. In terms of the housing market, Wadley offers a mix of historic homes and newer constructions, with a median home value of $90,500. The real estate market is stable, and bridge loans can help prospective buyers secure their dream homes without the stress of waiting for their current properties to sell. Main attractions in Wadley include the beautiful Horseshoe Bend National Military Park, which commemorates the Battle of Horseshoe Bend during the War of 1812, offering a rich historical experience for visitors. Additionally, the town is surrounded by picturesque nature trails and parks, making it a haven for outdoor enthusiasts.
Benefits of Bridge Loans in Wadley, Alabama
