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Navigating the process of buying a new home in Garden City, 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 Garden City, AL or getting it ready for the market.
Identify the new home you want to buy in Garden City, 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 Garden City, 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 Garden City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Garden City, 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 Garden City, 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 Garden City, 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 Garden City, 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 Garden City, 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 Garden City, Alabama offer numerous benefits for homeowners. They provide quick access to funds for purchasing a new home before selling the existing one. This can help avoid the stress of timing the sale perfectly and potentially missing out on the dream home. Demographically, Garden City is a charming town with a population of around 500 residents. The community is close-knit, offering a peaceful and tight community environment. The town is known for its friendly locals and welcoming atmosphere. In terms of the housing market, Garden City boasts a mix of historic homes and modern properties. The market is stable with a steady appreciation rate, making it an attractive location for both buyers and sellers. Bridge loans can aid in capitalizing on investment opportunities in this flourishing market. Main attractions in Garden City include the picturesque Garden City Lake, a popular spot for fishing and boating. The town also hosts the annual Garden City Festival, a celebration of local arts, crafts, and music that brings the community together.
Benefits of Bridge Loans in Garden City, Alabama
