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Navigating the process of buying a new home in West Blocton, 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 West Blocton, AL or getting it ready for the market.
Identify the new home you want to buy in West Blocton, 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 West Blocton, 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 West Blocton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in West Blocton, 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 West Blocton, 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 West Blocton, 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 West Blocton, 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 West Blocton, 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 West Blocton, Alabama offer a flexible financing option for homeowners looking to purchase a new home before selling their existing one. These loans bridge the gap between the sale of your current home and the purchase of a new one, providing funds for down payments and ensuring a smoother transition. Demographics in West Blocton include a diverse mix of families and individuals, with a strong sense of community. The town has a population of approximately 1,200 residents, offering a small-town feel with easy access to urban amenities in nearby cities. The housing market in West Blocton is stable, with a mix of historic homes and newer developments. The median home price is affordable, making it an attractive location for first-time homebuyers and those looking to upgrade to a larger property. Main attractions in West Blocton include the Cahaba River, where residents can enjoy fishing, boating, and hiking. The Cahaba National Wildlife Refuge is a popular spot for nature lovers, offering a chance to see diverse wildlife and explore scenic trails.
The Benefits of Bridge Loans in West Blocton, Alabama
