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Navigating the process of buying a new home in Gilbertown, 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 Gilbertown, AL or getting it ready for the market.
Identify the new home you want to buy in Gilbertown, 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 Gilbertown, 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 Gilbertown, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gilbertown, 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 Gilbertown, 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 Gilbertown, 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 Gilbertown, 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 Gilbertown, 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 Gilbertown, Alabama offer various benefits to the residents. They provide short-term financing that allows homeowners to bridge the gap between the purchase of a new home and the sale of their current property. This can be particularly helpful in a competitive housing market, enabling buyers to secure a new home without having to wait for their old home to sell. Gilbertown, Alabama, has a diverse demographic makeup with a mix of families, young professionals, and retirees. The cost of living is relatively low compared to national averages, making it an attractive destination for those looking for affordable housing options and a slower pace of life. The housing market in Gilbertown is characterized by a range of options, from historic homes to modern developments. The prices are affordable, making it an ideal location for first-time homebuyers or those looking to invest in real estate. The demand for housing remains steady, with a balanced market offering opportunities for both buyers and sellers. Main attractions in Gilbertown include the picturesque Choctaw National Wildlife Refuge, where nature lovers can enjoy hiking, birdwatching, and fishing. The town also boasts local shops, restaurants, and community events that provide a strong sense of community and small-town charm.
Bridge Loans in Gilbertown, Alabama
