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Navigating the process of buying a new home in Arlington, 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 Arlington, AL or getting it ready for the market.
Identify the new home you want to buy in Arlington, 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 Arlington, 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 Arlington, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arlington, 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 Arlington, 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 Arlington, 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 Arlington, 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 Arlington, 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 Arlington, Alabama offer flexibility to homeowners by providing short-term financing to bridge the gap between the purchase of a new home and the sale of their existing one. This allows individuals to move quickly and secure their new property without the constraints of waiting for their current home to sell. Arlington, Alabama, with a population of around 2,100 residents, is a charming town known for its historic architecture and friendly community. The demographics of Arlington show a mix of families, retirees, and young professionals, creating a diverse and welcoming atmosphere. The housing market in Arlington, Alabama, is stable with a range of property options available, from historic homes to modern developments. Bridge loans can help individuals take advantage of attractive real estate opportunities, whether for residential or investment purposes, in this thriving market. Some main attractions in Arlington include the historic Arlington Antebellum Home & Gardens, offering a glimpse into the town's past, and the beautiful Oakwood Cemetery, a serene location for reflection and nature walks. Residents also enjoy proximity to Birmingham for additional entertainment and cultural experiences.
Benefits of Bridge Loans in Arlington, Alabama
