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Navigating the process of buying a new home in Weaver, 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 Weaver, AL or getting it ready for the market.
Identify the new home you want to buy in Weaver, 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 Weaver, 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 Weaver, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Weaver, 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 Weaver, 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 Weaver, 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 Weaver, 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 Weaver, 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 Benefits: Bridge loans in Weaver, Alabama offer a quick financing solution for homebuyers who need to purchase a new home before selling their existing one. This type of loan provides temporary funds to bridge the gap between the sale of the current home and the purchase of a new one, avoiding the need for a contingent offer. Demographics: Weaver, Alabama has a diverse population with a mix of families, young professionals, and retirees. The city boasts a strong sense of community and offers various amenities such as parks, schools, and local businesses that cater to residents of all ages. Housing Market: The housing market in Weaver, Alabama is stable with a range of properties available for sale. The median home prices are affordable, making it an attractive location for first-time homebuyers and those looking to upgrade to a larger home. With the help of bridge loans, buyers can secure their dream home without waiting for their current home to sell. Main Attractions: Weaver, Alabama is known for its picturesque landscapes, outdoor recreational activities, and historical sites. Some main attractions include the Weaver City Park, Talladega National Forest, and the Chief Ladiga Trail, providing residents with opportunities for hiking, biking, and exploring nature.
Benefits of Bridge Loans in Weaver, Alabama
