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Navigating the process of buying a new home in Grove Hill, 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 Grove Hill, AL or getting it ready for the market.
Identify the new home you want to buy in Grove Hill, 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 Grove Hill, 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 Grove Hill, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Grove Hill, 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 Grove Hill, 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 Grove Hill, 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 Grove Hill, 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 Grove Hill, 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 Grove Hill, Alabama provide a crucial financial lifeline to individuals looking to purchase a new home before selling their current one. These loans offer flexibility and convenience by bridging the gap between the sale of the existing property and the purchase of a new one. Demographically, Grove Hill, Alabama, is a charming town with a population that values community and a peaceful way of life. With a mix of families, professionals, and retirees, the town offers a diverse and welcoming atmosphere. The housing market in Grove Hill presents a mix of historic homes and modern properties, catering to different tastes and preferences. The market is stable, making it an attractive option for those looking to invest in real estate or secure a property with growth potential. Some of the main attractions in Grove Hill include the historic downtown area with its quaint shops and restaurants, as well as the nearby Clarke County Museum, which offers a glimpse into the town's rich history. Outdoor enthusiasts can enjoy the natural beauty of Grove Hill at places like Old Lock 1 Park and the Tombigbee River.
Benefits of Bridge Loans in Grove Hill, Alabama
