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Navigating the process of buying a new home in Aliceville, 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 Aliceville, AL or getting it ready for the market.
Identify the new home you want to buy in Aliceville, 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 Aliceville, 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 Aliceville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Aliceville, 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 Aliceville, 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 Aliceville, 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 Aliceville, 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 Aliceville, 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 Aliceville, Alabama offer a valuable financing solution for individuals looking to purchase a new home before selling their current one. These loans provide the flexibility to make a competitive offer on a new property without being contingent on the sale of the existing home. Demographics: Aliceville, Alabama, a quaint town in Pickens County, has a population of approximately 2,486 residents. The community boasts a strong sense of unity and a rich cultural heritage. Housing Market: The housing market in Aliceville offers a range of options, from historic homes with Southern charm to modern properties with updated amenities. With the help of bridge loans, buyers can easily navigate this diverse market and secure their dream home. Main Attractions: While in Aliceville, visitors can explore the Aliceville Museum, dedicated to preserving the town's history, or enjoy the picturesque views at Aliceville Lake, a popular spot for outdoor activities such as fishing and boating.
Benefits of Bridge Loans in Aliceville, Alabama
