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Navigating the process of buying a new home in Evergreen, 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 Evergreen, AL or getting it ready for the market.
Identify the new home you want to buy in Evergreen, 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 Evergreen, 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 Evergreen, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Evergreen, 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 Evergreen, 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 Evergreen, 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 Evergreen, 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 Evergreen, 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 Evergreen, Alabama offer homeowners a convenient way to finance the purchase of a new home while awaiting the sale of their current property. This financial tool provides flexibility and quick access to funds to bridge the financial gap between selling and buying a home. Demographically, Evergreen, Alabama has a population of approximately 3,900 residents, with a mix of families, professionals, and retirees. The town boasts a close-knit community with a low cost of living, making it an attractive place for individuals looking for a peaceful and affordable lifestyle. The housing market in Evergreen, Alabama is stable with a variety of housing options, including single-family homes, townhouses, and apartments. The median home value is around $90,000, offering affordable housing opportunities for both homeowners and investors. Main attractions in Evergreen include the historic downtown district, Conecuh National Forest, and the Evergreen Lake. Residents and visitors can enjoy outdoor activities, local shopping, and cultural events in this charming Southern town.
Benefits of Bridge Loans in Evergreen, Alabama
