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Navigating the process of buying a new home in Boykin, 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 Boykin, AL or getting it ready for the market.
Identify the new home you want to buy in Boykin, 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 Boykin, 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 Boykin, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Boykin, 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 Boykin, 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 Boykin, 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 Boykin, 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 Boykin, 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 offer quick financing solutions for homeowners in Boykin looking to buy a new home before selling their current one. They provide temporary funds to cover the down payment and can be crucial in competitive markets. Demographics: Boykin, Alabama, is a quaint town with a population of around 500 residents. The community is known for its friendly atmosphere and strong sense of local pride. The majority of residents are families or retirees enjoying a peaceful rural lifestyle. Housing Market: The housing market in Boykin is stable with a range of historic homes and modern properties available. Bridge loans can help buyers seize opportunities quickly in a market where desirable properties may not stay on the market for long. Main Attractions: Boykin is home to stunning natural scenery, including picturesque parks and beautiful riverfront areas. The town takes pride in its historical sites, charming local shops, and vibrant community events that bring residents together.
Bridge Loans in Boykin, Alabama
