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Navigating the process of buying a new home in Goodway, 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 Goodway, AL or getting it ready for the market.
Identify the new home you want to buy in Goodway, 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 Goodway, 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 Goodway, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Goodway, 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 Goodway, 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 Goodway, 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 Goodway, 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 Goodway, 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 Goodway, Alabama provide a flexible financing option for individuals looking to purchase a new home before selling their current one. This allows homeowners to avoid the stress of timing their transactions perfectly. Demographics: Goodway, Alabama, is a charming rural community with a population of around 300 residents. The area boasts a low cost of living and a strong sense of community, making it an attractive place to live for families and retirees alike. Housing Market: The housing market in Goodway offers a mix of historic homes and modern properties at competitive prices. With the help of bridge loans, prospective buyers can take advantage of the diverse housing options available in the area. Main Attractions: Goodway is known for its scenic views and outdoor recreational opportunities. The nearby Conecuh National Forest provides residents with access to hiking, fishing, and camping, making it an ideal location for nature enthusiasts.
Benefits of Bridge Loans in Goodway, Alabama
