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Navigating the process of buying a new home in Warrior, 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 Warrior, AL or getting it ready for the market.
Identify the new home you want to buy in Warrior, 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 Warrior, 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 Warrior, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Warrior, 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 Warrior, 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 Warrior, 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 Warrior, 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 Warrior, 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 numerous benefits to homeowners in Warrior, Alabama. These short-term loans provide a financial bridge allowing homeowners to purchase a new home before selling their current property. This flexibility helps avoid the stress of timing mismatches between buying and selling. Warrior, Alabama, is a charming city known for its tight-knit community and family-friendly atmosphere. With a population of approximately 3,200 residents, Warrior offers a peaceful suburban lifestyle while being conveniently close to larger cities like Birmingham for employment and entertainment opportunities. The housing market in Warrior is favorable for both buyers and sellers. The median home value is affordable, making it an attractive location for first-time homebuyers and families. Additionally, the market is stable, with steady appreciation rates, making investments in Warrior properties a wise choice. Some main attractions in Warrior include the Rickwood Caverns State Park, a natural wonder with stunning rock formations and underground caves to explore. The Warrior River is also a popular spot for fishing and boating, providing recreational activities for residents and visitors alike.
Benefits of Bridge Loans in Warrior, Alabama
