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Navigating the process of buying a new home in Bear Creek, 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 Bear Creek, AL or getting it ready for the market.
Identify the new home you want to buy in Bear Creek, 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 Bear Creek, 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 Bear Creek, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bear Creek, 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 Bear Creek, 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 Bear Creek, 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 Bear Creek, 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 Bear Creek, 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!
Benefits of Bridge Loans: Bridge loans provide homeowners in Bear Creek with short-term financing options to bridge the gap between the purchase of a new home and the sale of their existing one, allowing for a smoother transition. Demographics: Bear Creek, Alabama, has a population of approximately 1,000 residents, with a mix of families, retirees, and young professionals. The community boasts a close-knit feel and a range of local amenities. Housing Market: The housing market in Bear Creek offers a mix of single-family homes, townhouses, and rural properties. With a median home price of $150,000, the market is considered affordable and suitable for various budgets. Main Attractions: Bear Creek is known for its picturesque natural surroundings, including Bear Creek Lakes and the Bankhead National Forest, offering residents and visitors opportunities for outdoor activities such as hiking, fishing, and camping.
Bridge Loans in Bear Creek, Alabama
