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Navigating the process of buying a new home in Winfield, 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 Winfield, AL or getting it ready for the market.
Identify the new home you want to buy in Winfield, 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 Winfield, 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 Winfield, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Winfield, 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 Winfield, 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 Winfield, 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 Winfield, 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 Winfield, 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!
Benefits of Bridge Loans: Bridge loans offer short-term financing that bridges the gap between the purchase of a new property and the sale of an existing one. They provide flexibility, quick access to funds, and help avoid contingencies in real estate transactions. Demographics: Winfield, Alabama, is a charming city with a population of approximately 4,500 residents. The community prides itself on its friendly atmosphere, strong sense of community, and diverse population. The city has a mix of families, young professionals, and retirees. Housing Market: The housing market in Winfield is stable, with a variety of housing options available for residents. The market offers a mix of single-family homes, townhouses, and apartments at affordable prices. Bridge loans can help buyers secure their dream home without the stress of selling their current property first. Main Attractions: Winfield boasts a range of attractions, including picturesque parks, historical sites, and cultural events. Residents and visitors alike can enjoy outdoor activities at Guin Park, explore the local history at the Winfield City Hall Museum, and attend community festivals throughout the year.
Bridge Loans in Winfield, Alabama
