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Navigating the process of buying a new home in Coosada, 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 Coosada, AL or getting it ready for the market.
Identify the new home you want to buy in Coosada, 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 Coosada, 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 Coosada, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coosada, 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 Coosada, 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 Coosada, 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 Coosada, 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 Coosada, 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 Coosada, Alabama serve as a crucial financial tool for individuals looking to buy a new home before selling their existing one. These short-term loans offer quick financing to bridge the gap between the purchase of a new property and the sale of the current one. This flexibility can help avoid the stress of timing constraints and offers a seamless transition for homeowners. Demographics: Coosada, Alabama, is a charming town with a population of around 1,200 residents. The community boasts a mix of families and retirees, creating a close-knit and welcoming environment. The town's demographics reveal a diverse population with a strong sense of community pride and a focus on family values. Housing Market: The housing market in Coosada, Alabama, offers a range of options from historic homes to modern developments. With a median home value below the national average, Coosada presents affordable housing opportunities for first-time buyers and families looking to settle down. The market has shown stability and potential for growth, making it an attractive investment for those seeking a peaceful suburban lifestyle. Main Attractions: Coosada, Alabama, is known for its scenic beauty, offering outdoor enthusiasts plenty of recreational activities such as hiking, fishing, and boating. The town's historic sites, local shops, and vibrant community events showcase its rich cultural heritage. Residents and visitors alike enjoy the small-town charm and Southern hospitality that Coosada has to offer.
The Benefits of Bridge Loans in Coosada, Alabama
