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Navigating the process of buying a new home in West Greene, 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 Greene, AL or getting it ready for the market.
Identify the new home you want to buy in West Greene, 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 Greene, 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 Greene, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in West Greene, 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 Greene, 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 Greene, 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 Greene, 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 Greene, 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 Greene, Alabama offer immediate financial support to bridge the gap between the purchase of a new home and the sale of a current property. These loans provide flexibility and quick access to funds, allowing individuals to secure their dream home without the stress of waiting for the sale of their existing property. West Greene, Alabama, boasts a diverse demographic profile with a mix of young professionals, families, and retirees. The area is known for its welcoming community, excellent schools, and affordable cost of living, making it an attractive location for individuals looking to settle down or invest in real estate. The housing market in West Greene, Alabama, is currently experiencing steady growth, with a range of properties available to suit various budgets and preferences. Bridge loans enable buyers to take advantage of favorable market conditions and secure properties quickly, contributing to the development and stability of the local real estate sector. Some of the main attractions in West Greene, Alabama, include the picturesque outdoor spaces, historic landmarks, and vibrant cultural scene. Whether exploring the lush parks, visiting the local museums, or attending community events, residents and visitors alike can enjoy a diverse range of activities that showcase the unique charm and character of the area.
Benefits of Bridge Loans in West Greene, Alabama