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Navigating the process of buying a new home in Demopolis, 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 Demopolis, AL or getting it ready for the market.
Identify the new home you want to buy in Demopolis, 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 Demopolis, 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 Demopolis, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Demopolis, 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 Demopolis, 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 Demopolis, 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 Demopolis, 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 Demopolis, 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 Demopolis, Alabama offer a convenient short-term financing solution for homebuyers. These loans provide the flexibility to purchase a new home before selling the current one, preventing delays in the buying process. Demographics: Demopolis, Alabama, boasts a population of approximately 7,000 residents. The community is known for its rich history, diverse culture, and friendly atmosphere. The median household income is around $38,000, making it an affordable place to live. Housing Market: The housing market in Demopolis is stable, with a median home price of $150,000. Bridge loans can help buyers take advantage of this market by providing the necessary funds to secure a new property while waiting to sell their existing home. Main Attractions: Demopolis offers a range of attractions, including the historic Gaineswood Mansion, the scenic Demopolis Riverwalk, and the annual Christmas on the River festival. These amenities make the city an exciting and vibrant place to call home.
Benefits of Bridge Loans in Demopolis, Alabama
