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Navigating the process of buying a new home in Waverly, 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 Waverly, AL or getting it ready for the market.
Identify the new home you want to buy in Waverly, 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 Waverly, 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 Waverly, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Waverly, 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 Waverly, 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 Waverly, 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 Waverly, 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 Waverly, 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!
In Waverly, Alabama, bridge loans offer numerous benefits to homebuyers and sellers alike. These short-term loans provide quick funding for purchasing a new home before selling the current one, avoiding the stress of timing issues. Bridge loans also allow for flexibility in real estate transactions, ensuring a smooth transition between properties without the need for contingencies. Demographically, Waverly boasts a diverse community, with a mix of young professionals, families, and retirees. The area's convenient location near major cities like Montgomery and Auburn makes it an attractive choice for those seeking a peaceful suburban lifestyle with easy access to urban amenities. The housing market in Waverly is thriving, with a range of available properties to suit different preferences and budgets. Home prices have been steadily increasing, indicating a strong demand for real estate in the area. Bridge loans can provide the necessary financial support for potential buyers looking to capitalize on the growing market. Waverly's main attractions include its picturesque natural scenery, such as Lake Martin and the Tuskegee National Forest, offering residents and visitors opportunities for outdoor recreation and relaxation. The town also boasts a rich cultural heritage, with historic sites like the Waverly Historic District showcasing its charm and history.
Bridge Loans in Waverly, Alabama - A Comprehensive Guide
