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Navigating the process of buying a new home in Capshaw, 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 Capshaw, AL or getting it ready for the market.
Identify the new home you want to buy in Capshaw, 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 Capshaw, 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 Capshaw, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Capshaw, 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 Capshaw, 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 Capshaw, 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 Capshaw, 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 Capshaw, 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 Bridge loans in Capshaw, Alabama offer a convenient financing solution for homeowners looking to purchase a new home before selling their current one. These loans bridge the gap between the purchase of a new property and the sale of an existing one, providing funds when needed most. Demographics Capshaw, Alabama, with a population of approximately 1,500 residents, is a small and close-knit community. The area is characterized by its rural charm and friendly atmosphere, making it an ideal place for families and those seeking a peaceful environment. Housing Market The housing market in Capshaw, Alabama, is stable, with a mix of traditional single-family homes and newer developments. Bridge loans can help prospective buyers navigate the market by offering quick access to funds for securing a property before it's too late. Main Attractions Capshaw is surrounded by natural beauty, with attractions like the Wheeler National Wildlife Refuge and Monte Sano State Park nearby. Residents can enjoy outdoor activities such as hiking, fishing, and camping, making it a great place for nature lovers.
Benefits of Bridge Loans in Capshaw, Alabama
