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Navigating the process of buying a new home in Ethelsville, 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 Ethelsville, AL or getting it ready for the market.
Identify the new home you want to buy in Ethelsville, 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 Ethelsville, 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 Ethelsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ethelsville, 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 Ethelsville, 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 Ethelsville, 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 Ethelsville, 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 Ethelsville, 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 Ethelsville offer temporary financing solutions that can help individuals bridge the gap between the purchase of a new home before selling their current property. This type of loan provides flexibility and allows homeowners to secure their dream home without waiting for their existing property to sell. Ethelsville, Alabama, is a small and welcoming community with a population of approximately 81 residents. The town has a close-knit feel, making it an ideal place for those seeking a tight community bond. The cost of living in Ethelsville is lower than the national average, making it an attractive option for individuals looking for affordable living. The housing market in Ethelsville is stable, with a mix of single-family homes and properties with acreage. The median home value in the area is $130,000, providing homeowners with an opportunity to invest in real estate at a reasonable price point. Bridge loans can be advantageous in this market by enabling buyers to act quickly on available properties. Despite its small size, Ethelsville offers a serene and peaceful environment for residents. The town is surrounded by picturesque landscapes and outdoor recreational opportunities, making it an ideal location for nature enthusiasts. Additionally, nearby attractions such as Tuscaloosa and Columbus provide residents with access to shopping, dining, and entertainment options.
Benefits of Bridge Loans in Ethelsville, Alabama
