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Navigating the process of buying a new home in Centreville, 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 Centreville, AL or getting it ready for the market.
Identify the new home you want to buy in Centreville, 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 Centreville, 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 Centreville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Centreville, 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 Centreville, 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 Centreville, 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 Centreville, 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 Centreville, 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 offer several benefits for individuals in Centreville, Alabama. These short-term loans provide fast access to funds for buyers looking to purchase a new home before selling their current one. This allows for a smoother transition without the need to wait for the sale of their existing property. Demographics: Centreville, located in Bibb County, has a population of around 2,800 residents. The town has a friendly community atmosphere with a mix of families and retirees. The median household income is $45,000, making it an affordable place to live. Housing Market: Centreville's housing market offers a range of options, from historic homes to modern developments. The average home price is around $150,000, making it an attractive market for first-time buyers and investors. With the help of bridge loans, individuals can take advantage of these opportunities. Main Attractions: Centreville boasts attractions such as Cahaba River, which provides opportunities for outdoor activities like fishing and kayaking. The town also has a historic downtown area with shops and restaurants for residents to enjoy. Additionally, nearby attractions like Tannehill State Park offer recreational activities for all ages.
Benefits of Bridge Loans in Centreville, Alabama
