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Navigating the process of buying a new home in Glenwood, 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 Glenwood, AL or getting it ready for the market.
Identify the new home you want to buy in Glenwood, 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 Glenwood, 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 Glenwood, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Glenwood, 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 Glenwood, 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 Glenwood, 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 Glenwood, 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 Glenwood, 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 Glenwood, Alabama offer borrowers the flexibility to purchase a new home before selling their existing one, providing a smooth transition without the need for a contingency offer. This can be especially beneficial in competitive housing markets where timing is crucial. Demographically, Glenwood, Alabama is a vibrant community with a diverse population. The town has a mix of young families, professionals, and retirees, creating a welcoming and inclusive atmosphere. This diversity contributes to a rich local culture and a strong sense of community. In terms of the housing market, Glenwood, Alabama offers a range of housing options suitable for different preferences and budgets. From charming historic homes to modern developments, the town provides opportunities for both first-time buyers and those looking to upgrade or downsize. Some main attractions in Glenwood, Alabama include its picturesque parks, local shops, and dining spots that showcase the town's unique character. Residents can enjoy outdoor activities such as hiking, biking, and fishing, making Glenwood an ideal place for nature enthusiasts and those seeking a peaceful lifestyle.
Benefits of Bridge Loans in Glenwood, Alabama
