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Navigating the process of buying a new home in Wagarville, 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 Wagarville, AL or getting it ready for the market.
Identify the new home you want to buy in Wagarville, 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 Wagarville, 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 Wagarville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wagarville, 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 Wagarville, 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 Wagarville, 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 Wagarville, 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 Wagarville, 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 Wagarville, Alabama offer several benefits to homeowners. These short-term loans provide quick access to funds for purchasing a new home before selling the current one. They can help bridge financial gaps, prevent missed opportunities, and offer flexibility in real estate transactions. Wagarville, Alabama, located in Washington County, has a population of approximately 782 residents. The town boasts a peaceful rural setting with a close-knit community, making it an ideal place for families and individuals seeking a quiet and welcoming environment. The housing market in Wagarville, Alabama, is characterized by affordable home prices and a stable real estate market. With a mix of single-family homes and spacious lots, the area offers diverse housing options for buyers. Bridge loans can facilitate the process of buying and selling properties in this market. Some main attractions in Wagarville include the scenic Chickasaw Bogue Creek, ideal for fishing and outdoor activities, as well as local parks and community events that bring residents together. The town's charm, natural beauty, and sense of community make it a desirable place to call home.
Benefits of Bridge Loans in Wagarville, Alabama
