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Navigating the process of buying a new home in Gainesville, 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 Gainesville, AL or getting it ready for the market.
Identify the new home you want to buy in Gainesville, 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 Gainesville, 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 Gainesville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gainesville, 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 Gainesville, 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 Gainesville, 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 Gainesville, 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 Gainesville, 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 offer quick financing solutions for homeowners looking to purchase a new property before selling their existing one. In Gainesville, Alabama, these loans provide the flexibility and liquidity needed to secure a new home without the stress of contingent offers or delayed closings. Demographics: Gainesville, Alabama, boasts a diverse population with a mix of young families, professionals, and retirees. The town has a close-knit community feel with various cultural events and festivals that bring residents together. Housing Market: The housing market in Gainesville is dynamic, with a range of housing options from historic homes to modern developments. Bridge loans can help buyers take advantage of market opportunities and secure their dream home before it's too late. Main Attractions: Gainesville offers a charming downtown area with local shops and restaurants, as well as outdoor recreational activities like parks and lakes for residents to enjoy. With a low cost of living and a welcoming atmosphere, Gainesville is an ideal place to call home.
Benefits of Bridge Loans in Gainesville, Alabama
