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Navigating the process of buying a new home in Westover, 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 Westover, AL or getting it ready for the market.
Identify the new home you want to buy in Westover, 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 Westover, 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 Westover, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Westover, 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 Westover, 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 Westover, 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 Westover, 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 Westover, 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 Westover, Alabama offer a convenient financing option for homeowners who are transitioning between properties. These short-term loans provide the flexibility to purchase a new home before selling the old one, avoiding the need for contingent offers. Demographics in Westover, Alabama, show a growing population with a median household income above the national average. The town's community-oriented atmosphere and proximity to major cities like Birmingham make it an attractive location for families and professionals alike. The housing market in Westover, Alabama, is experiencing steady growth, with property values appreciating year over year. Bridge loans can help buyers take advantage of favorable market conditions and secure their dream homes without the pressure of a traditional sale timeline. Some main attractions in Westover, Alabama, include the picturesque Cahaba River, perfect for outdoor enthusiasts, and Oak Mountain State Park, offering hiking, biking, and camping opportunities. The town's quaint shops and local eateries add to its charm, making it a desirable place to live.
Benefits of Bridge Loans in Westover, Alabama
