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Navigating the process of buying a new home in Attalla, 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 Attalla, AL or getting it ready for the market.
Identify the new home you want to buy in Attalla, 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 Attalla, 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 Attalla, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Attalla, 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 Attalla, 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 Attalla, 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 Attalla, 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 Attalla, 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 Attalla, Alabama offer quick access to funds for purchasing a new home before selling an existing one. This can help avoid the stress of coordinating buying and selling timelines. Attalla, located in Etowah County, has a population of around 6,000 residents. The city boasts a diverse community with a mix of cultures and backgrounds, creating a welcoming environment for new residents. The housing market in Attalla is competitive yet affordable, with a median home price below the national average. Bridge loans can give buyers an edge in this market by providing the necessary funds to secure a new property quickly. Attractions in Attalla include the Wills Creek Vineyards, a popular spot for wine enthusiasts, and the Noccalula Falls Park, offering stunning views and outdoor activities for residents and visitors alike.
Benefits of Bridge Loans in Attalla, Alabama
