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Navigating the process of buying a new home in Camden, 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 Camden, AL or getting it ready for the market.
Identify the new home you want to buy in Camden, 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 Camden, 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 Camden, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Camden, 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 Camden, 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 Camden, 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 Camden, 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 Camden, 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 Camden, Alabama offer a convenient short-term financing solution for individuals needing to bridge the gap between the purchase of a new home and the sale of their current one. These loans provide quick access to funds, allowing buyers to secure their new property without having to wait for their old one to sell. Demographically, Camden boasts a population of approximately 2,020 residents, with a median household income of $28,214. The town is known for its close-knit community, historic charm, and picturesque views of the Alabama River. The housing market in Camden is dynamic, offering a mix of historic homes and modern properties. The median home value in Camden is $80,800, making it an affordable option for homebuyers. With the help of bridge loans, individuals can take advantage of the diverse housing options available in the area. Main attractions in Camden include the Camden Expedition Museum, showcasing the town's Civil War history, and Roland Cooper State Park, offering outdoor recreational activities such as fishing and camping. With its rich historical heritage and natural beauty, Camden provides a peaceful and welcoming environment for residents and visitors alike.
Benefits of Bridge Loans in Camden, Alabama
