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Navigating the process of buying a new home in Deatsville, 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 Deatsville, AL or getting it ready for the market.
Identify the new home you want to buy in Deatsville, 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 Deatsville, 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 Deatsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Deatsville, 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 Deatsville, 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 Deatsville, 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 Deatsville, 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 Deatsville, 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 offer a convenient financing option for homeowners looking to purchase a new property before selling their current one. In a competitive market like Deatsville, Alabama, these loans provide the advantage of quick access to funds for a down payment, enabling buyers to secure their dream home without delays. Demographics Deatsville, Alabama, is a charming town with a population of around 1,200 residents. The community is known for its friendly atmosphere and tight-knit neighborhoods, making it an ideal place for families and individuals looking for a close community feel. Housing Market The housing market in Deatsville, Alabama, is thriving, offering a mix of beautiful single-family homes and spacious properties with scenic views. With a median home price of $200,000, the market is considered affordable yet competitive, making it a desirable location for both buyers and sellers. Main Attractions Deatsville is home to picturesque parks, such as Deatsville Park and Holtville Park, where residents can enjoy outdoor activities and community events. Additionally, the town is known for its proximity to Lake Jordan, offering opportunities for fishing, boating, and recreational water sports.
Benefits of Bridge Loans in Deatsville, Alabama
