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Navigating the process of buying a new home in Coffee Springs, 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 Coffee Springs, AL or getting it ready for the market.
Identify the new home you want to buy in Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, 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 Coffee Springs, 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 Coffee Springs offer residents the advantage of quick access to funds for purchasing a new home before selling their current one. This allows for seamless transitions and prevents the need for temporary housing or rushed sales. Demographics in Coffee Springs show a tight-knit community with a population of around 400 residents. The town boasts a family-friendly environment with a lower than average crime rate, making it an ideal place to raise a family or retire in peace. The housing market in Coffee Springs is stable, with a mix of historic homes and new developments. Bridge loans can be especially beneficial in a competitive market, giving buyers an edge when making offers on desirable properties. Main attractions in Coffee Springs include its picturesque parks, charming downtown area, and friendly local businesses. Residents enjoy a relaxed pace of life while still having access to city amenities in nearby towns.
Benefits of Bridge Loans in Coffee Springs, Alabama
