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Navigating the process of buying a new home in Gallant, 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 Gallant, AL or getting it ready for the market.
Identify the new home you want to buy in Gallant, 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 Gallant, 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 Gallant, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gallant, 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 Gallant, 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 Gallant, 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 Gallant, 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 Gallant, 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 Gallant, Alabama offer a flexible financing option for homeowners who are looking to purchase a new home before selling their existing one. These loans provide short-term funds to bridge the gap between the sale of the current home and the purchase of a new one, helping homeowners avoid potential financial strain. Demographically, Gallant, Alabama, is a small rural town with a tight-knit community. The population is predominantly middle-class families looking for affordable housing options in a peaceful setting. The town offers a slower pace of life compared to larger cities, making it an ideal place for those seeking a tranquil lifestyle. The housing market in Gallant, Alabama, is characterized by a variety of properties ranging from traditional single-family homes to spacious land lots. With the median home price being affordable compared to the state average, Gallant presents an attractive opportunity for first-time homebuyers and those looking to invest in real estate.
Benefits of Bridge Loans in Gallant, Alabama
