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Navigating the process of buying a new home in Bellamy, 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 Bellamy, AL or getting it ready for the market.
Identify the new home you want to buy in Bellamy, 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 Bellamy, 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 Bellamy, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bellamy, 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 Bellamy, 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 Bellamy, 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 Bellamy, 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 Bellamy, 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 Bellamy, Alabama offer a flexible financing option for individuals looking to purchase a new home before selling their current one. These loans help bridge the gap between the sale of the old property and the purchase of the new one, providing financial flexibility and enabling quick transactions. Demographics Bellamy, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community spirit. With a range of amenities and services, Bellamy offers a comfortable living environment for residents of all ages. Housing Market The housing market in Bellamy, Alabama, is characterized by a variety of property types, including single-family homes, townhouses, and apartments. The market is currently stable, with moderate appreciation rates and a good balance between supply and demand. Bridge loans can help buyers take advantage of opportunities in the local real estate market. Main Attractions Bellamy, Alabama, boasts several main attractions, including beautiful parks, historic landmarks, and cultural events. The town's scenic beauty and rich history attract visitors and residents alike. With a vibrant arts scene and a range of dining options, Bellamy offers a high quality of life for its residents.
Benefits of Bridge Loans in Bellamy, Alabama
