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Navigating the process of buying a new home in Georgiana, 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 Georgiana, AL or getting it ready for the market.
Identify the new home you want to buy in Georgiana, 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 Georgiana, 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 Georgiana, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Georgiana, 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 Georgiana, 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 Georgiana, 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 Georgiana, 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 Georgiana, 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!
Benefits of Bridge Loans: Bridge loans in Georgiana, Alabama provide a short-term financing solution for individuals looking to purchase a new home before selling their existing property. These loans offer quick access to funds, flexibility in repayment terms, and can help avoid contingencies often associated with traditional mortgages. Demographics: Georgiana, Alabama, is a charming small town with a population of approximately 1,700 residents. The community is close-knit, with a mix of families, retirees, and young professionals. The town boasts a rich history and a welcoming atmosphere, making it an ideal place to call home. Housing Market: The housing market in Georgiana offers a range of affordable options for potential buyers. With a median home price below the national average, the town presents opportunities for first-time homebuyers and those looking to downsize. Bridge loans can be a valuable tool to facilitate swift transactions in this competitive market. Main Attractions: Georgiana, Alabama, is known for its historic sites, including the Hank Williams Boyhood Home and Museum, which pays tribute to the legendary country music singer. The town also features parks, local shops, and community events that add to its vibrant culture and appeal to residents and visitors alike.
Bridge Loans in Georgiana, Alabama
