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Navigating the process of buying a new home in Bridgeport, 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 Bridgeport, AL or getting it ready for the market.
Identify the new home you want to buy in Bridgeport, 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 Bridgeport, 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 Bridgeport, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport, 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 Bridgeport, Alabama provide a valuable financial solution for those looking to buy a new home before selling their current one. These short-term loans bridge the gap between the purchase of a new property and the sale of an existing one, offering flexibility and convenience to homeowners. Bridgeport, Alabama, is a charming town with a population that values community and small-town living. The demographics of Bridgeport consist of friendly neighbors, families, and individuals who enjoy the tranquility of rural life while being in proximity to larger cities for work and entertainment. The housing market in Bridgeport, Alabama, presents a range of options for prospective buyers. With a mix of historic homes and new developments, the real estate market caters to various preferences and budgets. Bridgeport offers an affordable housing market compared to neighboring areas, making it an attractive location for first-time homebuyers and investors. Bridgeport, Alabama, boasts a variety of main attractions that showcase its rich history and natural beauty. From the stunning views of the Tennessee River to the historic Bridgeport Depot Museum, residents and visitors alike can explore the town's heritage and outdoor recreational opportunities.
Benefits of Bridge Loans in Bridgeport, Alabama
