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Navigating the process of buying a new home in Atmore, 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 Atmore, AL or getting it ready for the market.
Identify the new home you want to buy in Atmore, 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 Atmore, 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 Atmore, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Atmore, 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 Atmore, 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 Atmore, 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 Atmore, 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 Atmore, 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 offer several advantages for homebuyers in Atmore, Alabama. These short-term loans provide quick financing to bridge the gap between the purchase of a new home and the sale of a current property. This can be especially beneficial in a competitive housing market, allowing buyers to secure their new home without being contingent on selling their existing one. Demographically, Atmore has a diverse population with a mix of age groups and backgrounds. The city is known for its strong sense of community and friendly atmosphere. With a growing economy and affordable cost of living, Atmore attracts both young professionals and families looking for a peaceful place to call home. In terms of the housing market, Atmore offers a range of options from historic homes to modern developments. The market is stable with steady appreciation rates, making it a favorable environment for both buyers and sellers. Bridge loans can help buyers take advantage of the current market conditions and secure their dream home in Atmore. Atmore is also home to several main attractions, including the Wind Creek Casino and Entertainment Center, which offers gaming, dining, and live entertainment. The city is rich in history, with attractions like the Atmore Heritage Park and the Poarch Band of Creek Indians Museum. Outdoor enthusiasts can enjoy the nearby Little River State Forest for hiking, camping, and nature exploration.
Benefits of Bridge Loans in Atmore, Alabama
