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Navigating the process of buying a new home in Wilsonville, 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 Wilsonville, AL or getting it ready for the market.
Identify the new home you want to buy in Wilsonville, 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 Wilsonville, 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 Wilsonville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Wilsonville, 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 Wilsonville, 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 Wilsonville, 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 Wilsonville, 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 Wilsonville, 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 Wilsonville offer a convenient short-term financing solution for homeowners looking to purchase a new home before selling their current one. This type of loan helps bridge the gap between the sale of the existing property and the purchase of a new one, providing flexibility and financial assistance during the transition. Demographics: Wilsonville, Alabama, is a charming town with a population of approximately 2,000 residents. The community is known for its friendly atmosphere and tight-knit neighborhoods, making it an ideal place for families and individuals looking for a peaceful living environment. Housing Market: The housing market in Wilsonville is a mix of traditional single-family homes, rural properties, and new developments. With a steady demand for housing, the real estate market remains stable, offering various options for buyers at different price points. Bridge loans can help buyers secure their dream home without missing out on opportunities in this competitive market. Main Attractions: Wilsonville boasts scenic natural attractions such as Lay Lake and the nearby Oak Mountain State Park, offering residents opportunities for outdoor recreation and relaxation. The town also has a rich history, with landmarks like the Wilsonville Historic District preserving its heritage and character.
Benefits of Bridge Loans in Wilsonville, Alabama
