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Navigating the process of buying a new home in Adamsville, 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 Adamsville, AL or getting it ready for the market.
Identify the new home you want to buy in Adamsville, 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 Adamsville, 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 Adamsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Adamsville, 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 Adamsville, 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 Adamsville, 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 Adamsville, 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 Adamsville, 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 quick financing solutions, bridging the gap between the purchase of a new property and the sale of an existing one. They provide flexibility and help avoid missed opportunities in competitive real estate markets. Demographics Adamsville, Alabama, is a vibrant community with a population of around 4,500 residents. The town has a mix of families, professionals, and retirees, creating a diverse and welcoming environment. Housing Market Information The housing market in Adamsville is stable, with a range of affordable properties available for buyers. Bridge loans can be advantageous in this market to facilitate timely transactions and secure desired properties. Main Attractions Adamsville boasts beautiful parks, such as Adamsville Park and the nearby Tannehill State Park, offering outdoor recreational activities for residents. The town also has a rich history, with attractions like the Adamsville Historic District.
Exploring Bridge Loans in Adamsville, Alabama
