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Navigating the process of buying a new home in Creola, 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 Creola, AL or getting it ready for the market.
Identify the new home you want to buy in Creola, 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 Creola, 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 Creola, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Creola, 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 Creola, 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 Creola, 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 Creola, 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 Creola, 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 Creola, Alabama offer a convenient financing option for individuals looking to purchase a new home before selling their existing property. These loans provide short-term funds to bridge the gap between the purchase of a new home and the sale of the current one, allowing for a smoother transition without the pressure of timing constraints. Demographically, Creola is a small town located in Mobile County, Alabama, with a population that values community and a close-knit neighborhood feel. The town is home to a diverse population, including families, retirees, and young professionals, creating a vibrant and welcoming atmosphere. In terms of the housing market, Creola offers a range of options from historic homes with southern charm to new developments with modern amenities. The market is relatively stable, with affordable pricing compared to neighboring areas, making it an attractive location for both first-time homebuyers and those looking to upgrade. Some main attractions in Creola include the beautiful Creola Lake, perfect for fishing and boating enthusiasts, as well as local parks and recreational areas that offer a serene escape from city life. The town's proximity to major cities like Mobile provides residents with access to cultural events, dining, and shopping opportunities.
The Benefits of Bridge Loans in Creola, Alabama
