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Navigating the process of buying a new home in Addison, 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 Addison, AL or getting it ready for the market.
Identify the new home you want to buy in Addison, 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 Addison, 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 Addison, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Addison, 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 Addison, 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 Addison, 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 Addison, 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 Addison, 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 Addison, Alabama offer immediate access to funds for individuals looking to purchase a new home before selling their current property. These loans provide a convenient solution to bridge the gap between the purchase of a new home and the sale of an existing one, helping avoid potential delays and ensuring a smoother transition. Demographics in Addison, Alabama show a close-knit community with a population of around 750 residents. The town boasts a peaceful and friendly atmosphere, making it an ideal location for families and individuals seeking a tranquil living environment. The town's strong sense of community fosters a welcoming and safe neighborhood for its residents. The housing market in Addison, Alabama is characterized by a mix of charming single-family homes and spacious properties. With a range of housing options available, including traditional Southern-style residences and modern architectural designs, the market caters to diverse preferences and budgets. The town's real estate market is relatively stable, providing opportunities for both buyers and sellers. Main attractions in Addison include the beautiful Smith Lake Park, offering scenic views, outdoor recreational activities, and family-friendly amenities. The town is also known for its local restaurants serving delicious Southern cuisine and its proximity to natural attractions like the William B. Bankhead National Forest, allowing residents to enjoy a range of outdoor adventures.
Benefits of Bridge Loans in Addison, Alabama
