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Navigating the process of buying a new home in Allgood, 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 Allgood, AL or getting it ready for the market.
Identify the new home you want to buy in Allgood, 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 Allgood, 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 Allgood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Allgood, 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 Allgood, 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 Allgood, 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 Allgood, 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 Allgood, 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 Allgood, Alabama offer numerous advantages to borrowers. These short-term loans provide quick access to funds, allowing individuals to purchase a new home before selling their existing property. This can prevent the need for a contingency offer and gives buyers a competitive edge in the market. Demographics in Allgood, Alabama show a small but growing community with a population that values a close-knit atmosphere. Families and retirees are drawn to the area for its peaceful surroundings and affordable cost of living. The community prides itself on its strong school system and tight-knit neighborhoods. The housing market in Allgood, Alabama is currently experiencing steady growth. With a mix of new developments and established neighborhoods, there is a range of housing options available to buyers. The median home price is affordable compared to neighboring cities, making it an attractive location for first-time buyers and investors. Main attractions in Allgood, Alabama include the picturesque Blount County Covered Bridge and the scenic hiking trails of the neighboring Appalachian Mountains. Residents and visitors can enjoy outdoor activities like fishing, camping, and bird watching in the area's natural surroundings.
The Benefits of Bridge Loans in Allgood, Alabama
