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Navigating the process of buying a new home in Danville, 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 Danville, AL or getting it ready for the market.
Identify the new home you want to buy in Danville, 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 Danville, 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 Danville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Danville, 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 Danville, 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 Danville, 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 Danville, 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 Danville, 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 Danville, Alabama offer a flexible financing option for homeowners looking to purchase a new property before selling their current one. This type of loan provides quick access to funds, allowing individuals to bridge the gap between buying and selling a home. Demographics in Danville, Alabama include a population of approximately 4,000 residents. The town boasts a tight-knit community with a mix of families and retirees. Danville offers a peaceful and rural setting, perfect for those seeking a quiet and laid-back lifestyle. The housing market in Danville, Alabama is stable yet competitive. Home prices are reasonable, making it an attractive location for first-time buyers and investors alike. With a range of housing options from cozy cottages to sprawling estates, Danville caters to various housing needs and preferences. Main attractions in Danville, Alabama include the scenic William B. Bankhead National Forest, offering outdoor activities such as hiking, fishing, and camping. The town also features historical sites like the Danville Baptist Church, providing insight into the area's rich heritage and culture.
Benefits of Bridge Loans in Danville, Alabama
