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Navigating the process of buying a new home in Hackleburg, 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 Hackleburg, AL or getting it ready for the market.
Identify the new home you want to buy in Hackleburg, 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 Hackleburg, 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 Hackleburg, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hackleburg, 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 Hackleburg, 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 Hackleburg, 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 Hackleburg, 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 Hackleburg, 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 Hackleburg can provide quick financing solutions for property buyers, allowing them to bridge the gap between the purchase of a new property and the sale of their current one. This can be especially advantageous in a competitive housing market where timing is crucial. Demographics of Hackleburg, Alabama Hackleburg, Alabama, has a population of approximately 1,500 residents. The town has a close-knit community feel, with a mix of young families and retirees. The median household income is around the state average, making it an affordable place to live. The housing market in Hackleburg is stable, with a variety of property options available. Median home prices are below the national average, making it an attractive location for first-time homebuyers or those looking for affordable housing options. Despite its small size, Hackleburg offers a range of outdoor recreational activities, including hiking trails, fishing spots, and community parks. The town is also known for its local farmers' market and annual festivals that bring the community together.
Benefits of Bridge Loans in Hackleburg, Alabama
Housing Market in Hackleburg, Alabama
Main Attractions in Hackleburg, Alabama
