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Navigating the process of buying a new home in Duncanville, 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 Duncanville, AL or getting it ready for the market.
Identify the new home you want to buy in Duncanville, 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 Duncanville, 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 Duncanville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Duncanville, 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 Duncanville, 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 Duncanville, 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 Duncanville, 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 Duncanville, 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 provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. They offer quick access to funds, flexibility in terms, and can help avoid timing issues in real estate transactions. Demographics: Duncanville, Alabama, is a small town with a population of around 500 residents. The community is tight-knit, with a mix of families, retirees, and young professionals. The town has a suburban feel, and residents enjoy a peaceful and relaxed lifestyle. Housing Market: The housing market in Duncanville is stable, with a mix of single-family homes and some new developments. The median home price is affordable, making it an attractive option for first-time homebuyers. Bridge loans can help buyers secure properties in competitive markets. Main Attractions: Duncanville is known for its scenic beauty, with lush greenery and parks for outdoor activities. The town has a rich history, with historic sites and landmarks to explore. Residents can also enjoy local restaurants, shops, and community events.
Bridge Loans in Duncanville, Alabama
