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Navigating the process of buying a new home in Arley, 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 Arley, AL or getting it ready for the market.
Identify the new home you want to buy in Arley, 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 Arley, 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 Arley, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arley, 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 Arley, 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 Arley, 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 Arley, 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 Arley, 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 provide quick access to funds, bridging the gap between buying a new home in Arley, Alabama, and selling an existing one. This flexibility allows homeowners to seize opportunities without being tied down by the constraints of a traditional mortgage. Arley, Alabama, a quaint town in Winston County, boasts a population of around 357 residents. The town offers a peaceful and close-knit community setting, making it an ideal place for families looking to settle down or retirees seeking a tranquil environment. The housing market in Arley, Alabama, is varied, with options ranging from cozy single-family homes to spacious waterfront properties on Lewis Smith Lake. The market is stable, providing opportunities for both buyers and sellers to find suitable deals with the help of bridge loans. Main attractions in Arley include Smith Lake Park, a popular spot for outdoor activities such as camping, fishing, and boating. The town also hosts the Arley Day Festival, a community event that showcases local talent, crafts, and delicious southern cuisine.
Benefits of Bridge Loans in Arley, Alabama
