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Navigating the process of buying a new home in Collinsville, 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 Collinsville, AL or getting it ready for the market.
Identify the new home you want to buy in Collinsville, 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 Collinsville, 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 Collinsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, 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 Collinsville, Alabama offer a valuable solution for homeowners who need interim financing to bridge the gap between the purchase of a new home and the sale of their current one. These loans provide quick access to funds, allowing individuals to secure their dream home without the stress of timing restrictions. Demographics Collinsville, Alabama, has a population of approximately 2,000 residents, with a median age of 39. The town boasts a tight-knit community feel, where neighbors look out for one another and come together for various local events and activities. The housing market in Collinsville is diverse, offering a range of options from historic homes to modern developments. Property values have shown steady growth over the past few years, making it an attractive location for both investors and homebuyers. Collinsville is home to beautiful natural attractions such as Little River Canyon National Preserve and DeSoto State Park, providing residents with ample opportunities for outdoor recreation and exploration. Additionally, the town hosts annual events like the Collinsville Trade Day, a popular market drawing visitors from all around.
Benefits of Bridge Loans in Collinsville, Alabama
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