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Navigating the process of buying a new home in Carbon Hill, 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 Carbon Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Carbon Hill, 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 Carbon Hill, 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 Carbon Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carbon Hill, 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 Carbon Hill, 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 Carbon Hill, 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 Carbon Hill, 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 Carbon Hill, 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 quick access to funds, allowing buyers to bridge the gap between the purchase of a new home and the sale of their current property. This can help avoid missed opportunities and secure their dream home. Carbon Hill, Alabama, is a small city with a population of approximately 2,000 residents. The community has a suburban feel, and the majority of residents own their homes. The city offers a peaceful and tight-knit environment. The housing market in Carbon Hill is stable, with a variety of property options ranging from cozy single-family homes to spacious estates. The median home value is lower than the national average, making it an attractive location for homebuyers looking for affordability. Main attractions in Carbon Hill include the McDowell Farm Museum, which showcases the area's agricultural history, and the beautiful Carbon Hill City Park, ideal for outdoor activities and family gatherings.
Benefits of Bridge Loans in Carbon Hill, Alabama
