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Navigating the process of buying a new home in Greensboro, 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 Greensboro, AL or getting it ready for the market.
Identify the new home you want to buy in Greensboro, 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 Greensboro, 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 Greensboro, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Greensboro, 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 Greensboro, 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 Greensboro, 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 Greensboro, 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 Greensboro, 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 Greensboro, Alabama offer numerous benefits for homebuyers and investors. These short-term loans provide quick financing to secure a new property before selling an existing one, allowing for smooth transitions without waiting for a sale. In Greensboro, the population is diverse with a mix of families, young professionals, and retirees. The community is known for its Southern charm, historical landmarks, and rich cultural heritage, making it an attractive place to live or invest in real estate. The housing market in Greensboro is stable with a range of affordable options for buyers. Property values have been steadily appreciating, making it a lucrative market for investors. Bridge loans offer flexibility and convenience in this competitive market. Main attractions in Greensboro include the Greensboro Historic District, Black Belt Treasures Cultural Arts Center, and the Hale County Wildlife Management Area. With its proximity to nature, arts, and history, Greensboro offers a vibrant lifestyle for residents and visitors alike.
Bridge Loans in Greensboro, Alabama
