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Navigating the process of buying a new home in Baileyton, 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 Baileyton, AL or getting it ready for the market.
Identify the new home you want to buy in Baileyton, 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 Baileyton, 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 Baileyton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Baileyton, 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 Baileyton, 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 Baileyton, 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 Baileyton, 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 Baileyton, 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 Baileyton, Alabama offer various benefits to homeowners. They provide a short-term financing solution that allows individuals to purchase a new home before selling their current one, avoiding the inconvenience of temporary housing. This type of loan can also help in competitive real estate markets where quick transactions are crucial. Baileyton, Alabama, is a small town with a close-knit community. The town has a population of approximately XXXX residents and is known for its friendly atmosphere. The demographic makeup includes a mix of families, young professionals, and retirees, creating a diverse and inclusive environment. In terms of the housing market, Baileyton offers a range of properties suitable for different needs and budgets. The market is relatively stable, with a steady demand for housing. Bridge loans can provide flexibility for buyers looking to secure a property in Baileyton quickly while navigating the selling process of their current home. Some of the main attractions in Baileyton include XXXX. The town boasts scenic parks, charming local shops, and community events that bring residents together. With its peaceful surroundings and easy access to outdoor activities, Baileyton offers a relaxed lifestyle for its residents.
Benefits of Bridge Loans in Baileyton, Alabama
