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Navigating the process of buying a new home in Arab, 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 Arab, AL or getting it ready for the market.
Identify the new home you want to buy in Arab, 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 Arab, 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 Arab, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arab, 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 Arab, 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 Arab, 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 Arab, 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 Arab, 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!
Benefits of Bridge Loans: Bridge loans offer quick access to funds for purchasing a new home before selling the existing one, avoiding the need for contingency clauses. They are ideal for residents in Arab, Alabama, allowing for smoother transitions between properties. Demographics: Arab, Alabama, boasts a population of approximately 8,200 individuals, with a median age of 40 years. The town has a strong sense of community and a family-friendly atmosphere, making it an attractive place to settle down. Housing Market: The housing market in Arab, Alabama, is stable with a median home value of around $150,000. Bridge loans can help residents take advantage of the market conditions by facilitating timely property purchases. Main Attractions: Arab offers a range of recreational activities, including the Arab Historic Village, a popular spot showcasing the town's history. The city also hosts the annual Poke Salat Festival, celebrating local culture and traditions.
Bridge Loans Benefits in Arab, Alabama
