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Navigating the process of buying a new home in Woodstock, 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 Woodstock, AL or getting it ready for the market.
Identify the new home you want to buy in Woodstock, 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 Woodstock, 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 Woodstock, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Woodstock, 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 Woodstock, 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 Woodstock, 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 Woodstock, 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 Woodstock, 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 Woodstock, Alabama provide a valuable solution for homebuyers who need immediate funds for a down payment on a new home before selling their existing property. These loans offer quick access to capital, allowing buyers to secure their dream home without the stress of waiting for their current property to sell. Woodstock, Alabama, boasts a diverse population with a mix of young families, professionals, and retirees. The town's charming small-town atmosphere, coupled with its proximity to larger cities like Birmingham, makes it an attractive place to live for those seeking a balance between rural and urban lifestyles. The housing market in Woodstock, Alabama, is stable with a range of housing options available, from historic homes to modern developments. The median home price is competitive, making it an affordable option for first-time homebuyers and families looking to upgrade. With the help of bridge loans, buyers can take advantage of these opportunities.
The Benefits of Bridge Loans in Woodstock, Alabama
