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Navigating the process of buying a new home in Childersburg, 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 Childersburg, AL or getting it ready for the market.
Identify the new home you want to buy in Childersburg, 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 Childersburg, 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 Childersburg, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Childersburg, 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 Childersburg, 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 Childersburg, 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 Childersburg, 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 Childersburg, 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 of Bridge Loans: Bridge loans in Childersburg, Alabama offer a temporary financing option, allowing homeowners to buy a new home before selling their existing one. This can be beneficial for those looking to avoid the stress of coordinating sale and purchase dates. Demographics: Childersburg, Alabama, has a diverse population with a mix of families, professionals, and retirees. The median household income is around the national average, making it an attractive option for a range of individuals. Housing Market: The housing market in Childersburg is stable, with a mix of single-family homes, townhouses, and apartments. Property values have been steadily increasing, making it a good investment opportunity for potential buyers. Main Attractions: Childersburg boasts a range of attractions, including the DeSoto Caverns, Kymulga Grist Mill Park, and the Coosa River. These natural and historical sites make the area appealing to residents and visitors alike.
Bridge Loans in Childersburg, Alabama
