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Navigating the process of buying a new home in Coy, 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 Coy, AL or getting it ready for the market.
Identify the new home you want to buy in Coy, 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 Coy, 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 Coy, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coy, 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 Coy, 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 Coy, 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 Coy, 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 Coy, 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!
A bridge loan in Coy, Alabama offers various benefits to homeowners. One significant advantage is the quick access to funds, allowing individuals to purchase a new home before selling their existing one. This can help avoid the stress of juggling two mortgage payments simultaneously. Coy, Alabama, is a small town with a population of approximately 300 residents. The demographics of Coy consist mainly of a close-knit community with a mix of families and retirees. The town's charm lies in its peaceful surroundings and a strong sense of community spirit. When it comes to the housing market in Coy, Alabama, there is a mix of traditional single-family homes and some new developments. The market is relatively stable, offering opportunities for both buyers and sellers. Bridge loans can be a useful tool for those looking to capitalize on the current housing market in Coy. While Coy may be a small town, it offers a range of attractions for residents and visitors alike. Nature lovers can explore the nearby forests and hiking trails, while history buffs can visit the local museums and historical sites. Coy provides a peaceful retreat from the hustle and bustle of city life.
Benefits of Bridge Loans in Coy, Alabama
