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Navigating the process of buying a new home in Akron, 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 Akron, AL or getting it ready for the market.
Identify the new home you want to buy in Akron, 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 Akron, 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 Akron, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Akron, 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 Akron, 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 Akron, 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 Akron, 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 Akron, 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 Akron, Alabama offer numerous benefits for individuals looking to buy a new home before selling their current one. These short-term loans provide quick financing, allowing for a seamless transition between properties without the need for a contingent offer. Akron, Alabama, is a small town with a population of around 350 residents. The community is close-knit, offering a peaceful and rural lifestyle to its residents. The town has a mix of age groups, with a high percentage of families and retirees, making it an ideal place for those seeking a serene environment. The housing market in Akron is characterized by affordable prices and a variety of housing options. Whether you're looking for a cozy single-family home or a spacious property with land, Akron has something to offer for every buyer. With the help of bridge loans, individuals can access the funds needed to secure their dream home in this tranquil town. While Akron may be a small town, it boasts several main attractions that draw visitors and residents alike. The Cahaba River flows near the town, providing opportunities for fishing, boating, and other water activities. Nature lovers can explore the serene surroundings and enjoy the peaceful environment that Akron has to offer.
Bridge Loans in Akron, Alabama
