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Navigating the process of buying a new home in Grant, 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 Grant, AL or getting it ready for the market.
Identify the new home you want to buy in Grant, 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 Grant, 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 Grant, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grant, 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 Grant, 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 Grant, 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 Grant, 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 Grant, 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 Grant, Alabama offer a flexible financing option for homeowners looking to purchase a new home before selling their existing one. This type of loan provides short-term funding to bridge the gap between the purchase of a new property and the sale of the current one. This can be especially beneficial in a competitive market where timing is crucial. Grant, Alabama, is a small town with a close-knit community and a family-friendly environment. The town has a population of around 1,000 residents, making it an ideal place for those seeking a peaceful and quiet setting to call home. With its proximity to natural attractions like Lake Guntersville, outdoor enthusiasts can enjoy activities such as fishing, hiking, and boating. The housing market in Grant, Alabama, offers a mix of affordable single-family homes and spacious properties with large lot sizes. Home prices in the area are relatively stable, making it an attractive option for first-time buyers and families looking to upgrade to a larger home. Bridge loans can help buyers secure their dream home without the stress of timing the sale of their current property. Some main attractions in Grant, Alabama, include the Cathedral Caverns State Park, known for its stunning cave formations, and the Buck's Pocket State Park, offering hiking trails with scenic views of the surrounding mountains. Residents can also enjoy local events such as the Grant Founders Day celebration and the Farmer's Market, showcasing local produce and crafts.
Benefits of Bridge Loans in Grant, Alabama
