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Navigating the process of buying a new home in Coffeeville, 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 Coffeeville, AL or getting it ready for the market.
Identify the new home you want to buy in Coffeeville, 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 Coffeeville, 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 Coffeeville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coffeeville, 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 Coffeeville, 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 Coffeeville, 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 Coffeeville, 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 Coffeeville, 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 individuals the flexibility to purchase a new home before selling their current property, preventing the need to rush the sales process. This can be particularly advantageous in Coffeeville, Alabama, where the housing market is vibrant but competitive, allowing buyers to secure their dream home while avoiding the stress of timing a sale. In terms of demographics, Coffeeville boasts a close-knit community with a population of around 350 residents. The town has a mix of families and retirees, creating a welcoming and friendly atmosphere. Its rural setting appeals to those seeking a peaceful lifestyle while still being within a short drive of larger cities. The housing market in Coffeeville shows steady growth, with a diverse range of property types available. Bridge loans can help buyers take advantage of this market by providing funds for down payments and closing costs, ensuring they can make competitive offers and secure desirable properties. Main attractions in Coffeeville include the picturesque Coffeeville Lake, where residents and visitors can enjoy fishing and boating. The town also hosts annual community events and festivals, fostering a strong sense of community spirit and providing opportunities for socializing and networking.
Benefits of Bridge Loans in Coffeeville, Alabama
