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Navigating the process of buying a new home in Dawson, 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 Dawson, AL or getting it ready for the market.
Identify the new home you want to buy in Dawson, 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 Dawson, 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 Dawson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dawson, 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 Dawson, 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 Dawson, 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 Dawson, 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 Dawson, 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!
Benefits of Bridge Loans: Bridge loans offer a temporary financing solution for homeowners in Dawson, Alabama, allowing them to purchase a new home before selling their current one. This flexibility can prevent the need for a contingency offer and allows for a smoother transition between properties. Demographics: Dawson, Alabama, is a small town with a population of around 2,500 residents. The community is close-knit, with a mix of families and retirees. The town's residents enjoy a peaceful suburban lifestyle with easy access to the natural beauty of the surrounding area. Housing Market: The housing market in Dawson, Alabama, is stable, with a range of single-family homes available at various price points. Bridge loans can help potential buyers take advantage of opportunities in this market by providing the necessary funds to secure a new home while waiting to sell their current property. Main Attractions: Dawson, Alabama, boasts several main attractions, including the scenic Dawson Lake, which offers fishing and boating opportunities. The town also features charming local shops, cozy cafes, and community events that bring residents together.
Bridge Loans in Dawson, Alabama
