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Navigating the process of buying a new home in Dolomite, 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 Dolomite, AL or getting it ready for the market.
Identify the new home you want to buy in Dolomite, 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 Dolomite, 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 Dolomite, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Dolomite, 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 Dolomite, 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 Dolomite, 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 Dolomite, 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 Dolomite, 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 Dolomite, Alabama offer several advantages to homebuyers. They provide short-term financing, allowing buyers to purchase a new home before selling their current one. This can be beneficial in competitive markets, preventing missed opportunities. Dolomite, Alabama, is a charming town with a diverse population. The median age is 39, and the majority of residents are families. The area is known for its friendly community atmosphere and strong local schools, making it an ideal place to raise a family. The housing market in Dolomite is stable and offers a mix of affordable and upscale homes. The average home price is $150,000, with a steady appreciation rate. Bridge loans can help buyers navigate this market, providing flexibility and enabling them to secure their dream home. Some main attractions in Dolomite include the beautiful Dolomite Park, perfect for outdoor activities and family picnics. The town also boasts unique local shops, restaurants, and cultural events, showcasing the vibrant community spirit of the area.
Benefits of Bridge Loans in Dolomite, Alabama
