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Navigating the process of buying a new home in Waterloo, 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 Waterloo, AL or getting it ready for the market.
Identify the new home you want to buy in Waterloo, 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 Waterloo, 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 Waterloo, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Waterloo, 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 Waterloo, 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 Waterloo, 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 Waterloo, 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 Waterloo, 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 Waterloo, Alabama offer a valuable financial solution for homebuyers looking to purchase a new property before selling their existing one. These loans bridge the gap between the purchase of a new home and the sale of the current one, providing the funds needed for a smooth transition without the stress of timing constraints. Demographically, Waterloo, Alabama, is a quaint town with a population of around 200 residents. Known for its tight-knit community and peaceful surroundings, it attracts individuals and families seeking a serene place to call home. The area is characterized by its rich history and vibrant culture, making it an ideal location for those looking for a close-knit community. When it comes to the housing market in Waterloo, Alabama, the town offers a diverse range of properties to suit different preferences and budgets. From charming historic homes to modern developments, there is something for everyone. Additionally, with the help of bridge loans, prospective buyers can take advantage of the current competitive market and secure their dream home without delays. Some of the main attractions in Waterloo, Alabama, include its picturesque natural landscapes, such as the scenic Tennessee River and beautiful hiking trails. The town also boasts a rich heritage with historical sites like the Waterloo Historic District, offering residents and visitors a glimpse into the past. With its inviting atmosphere and range of recreational activities, Waterloo is a hidden gem waiting to be explored.
Benefits of Bridge Loans in Waterloo, Alabama
