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Navigating the process of buying a new home in Carrollton, 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 Carrollton, AL or getting it ready for the market.
Identify the new home you want to buy in Carrollton, 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 Carrollton, 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 Carrollton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Carrollton, 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 Carrollton, 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 Carrollton, 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 Carrollton, 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 Carrollton, 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 Carrollton, Alabama offer numerous advantages to individuals and investors. They provide short-term financing solutions to bridge the gap between the purchase of a new property and the sale of an existing one. This allows for quick access to funds, enabling borrowers to seize investment opportunities without worrying about immediate liquidity. Carrollton, Alabama, situated in Pickens County, boasts a population of approximately 1,000 residents. The town offers a peaceful and close-knit community atmosphere, making it an ideal location for those seeking a serene lifestyle. The area's demographics include a mix of families, retirees, and young professionals, contributing to a diverse and vibrant neighborhood. The housing market in Carrollton, Alabama, is characterized by a range of property options, from historic homes to modern developments. With the median home price falling below the national average, Carrollton presents affordable housing opportunities for both buyers and renters. The market is stable, making it a secure investment location for individuals looking to expand their real estate portfolio. Among the main attractions in Carrollton is the renowned Guthrie Smith Park, offering a picturesque setting for outdoor activities such as hiking, picnicking, and birdwatching. Additionally, the town's historic downtown area features charming shops, cafes, and local businesses, providing residents and visitors with a unique and enriching experience.
Benefits of Bridge Loans in Carrollton, Alabama
