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Navigating the process of buying a new home in Buhl, 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 Buhl, AL or getting it ready for the market.
Identify the new home you want to buy in Buhl, 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 Buhl, 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 Buhl, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Buhl, 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 Buhl, 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 Buhl, 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 Buhl, 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 Buhl, 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 provide immediate funds for buying a new home before selling the current one, avoiding contingent offers and potentially securing a better deal. Demographics: Buhl, Alabama, has a population of approximately 1,000 residents. The town boasts a mix of families and retirees, creating a close-knit community atmosphere. Housing Market: Buhl offers a diverse housing market, with options ranging from cozy single-family homes to spacious rural properties. The market is stable with a steady demand for homes. Main Attractions: Buhl is known for its scenic outdoors, including Lake Lurleen State Park, offering fishing, hiking, and camping opportunities. The town also hosts local events and fairs that bring residents together.
The Benefits of Bridge Loans in Buhl, Alabama
