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Navigating the process of buying a new home in Andalusia, 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 Andalusia, AL or getting it ready for the market.
Identify the new home you want to buy in Andalusia, 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 Andalusia, 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 Andalusia, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Andalusia, 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 Andalusia, 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 Andalusia, 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 Andalusia, 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 Andalusia, 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 Andalusia, Alabama provide numerous benefits for individuals looking to purchase a new home before selling their existing one. These loans offer short-term financing for transitional periods without requiring a down payment, helping homeowners avoid financial strain. Andalusia, Alabama, is a charming city with a population of approximately 9,000 residents. The demographic makeup consists of a diverse community, including families, retirees, and young professionals, creating a welcoming and inclusive atmosphere for new residents. The housing market in Andalusia, Alabama, offers a range of affordable options for homebuyers. With a median home price below the national average, prospective buyers can find properties that fit their budget. The market is stable, making it an attractive location for real estate investments. Some main attractions in Andalusia include the Conecuh National Forest, perfect for outdoor enthusiasts, and the Three Notch Museum, which showcases the city's rich history. Additionally, the town's vibrant downtown area boasts local shops, restaurants, and cultural events for residents to enjoy.
Bridge Loans Benefits in Andalusia, Alabama
