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Navigating the process of buying a new home in Chelsea, 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 Chelsea, AL or getting it ready for the market.
Identify the new home you want to buy in Chelsea, 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 Chelsea, 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 Chelsea, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Chelsea, 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 Chelsea, 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 Chelsea, 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 Chelsea, 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 Chelsea, 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 Chelsea, Alabama offer numerous benefits to homebuyers and sellers. These short-term loans provide the flexibility to purchase a new home before selling an existing one, avoiding the need for contingent offers and potential delays in the buying process. Chelsea, Alabama, is a growing community with a population of approximately 13,000 residents. The town boasts a strong sense of community, excellent schools, and a low crime rate, making it an attractive place to live for families and individuals alike. The housing market in Chelsea, Alabama, is vibrant and diverse, offering a range of options from single-family homes to spacious estates. With a median home value higher than the state average, investing in real estate in Chelsea can be a lucrative opportunity for buyers and sellers alike. Some main attractions in Chelsea include the renowned Oak Mountain State Park, which offers miles of hiking trails, camping facilities, and a beautiful lake for outdoor recreation. Additionally, the town is home to charming local shops, restaurants, and community events that showcase the unique character of Chelsea.
Benefits of Bridge Loans in Chelsea, Alabama
