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Navigating the process of buying a new home in Haleyville, 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 Haleyville, AL or getting it ready for the market.
Identify the new home you want to buy in Haleyville, 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 Haleyville, 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 Haleyville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Haleyville, 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 Haleyville, 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 Haleyville, 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 Haleyville, 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 Haleyville, 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 Haleyville, Alabama offer valuable benefits to homebuyers. They provide a short-term financing solution to bridge the gap between the purchase of a new home and the sale of an existing one. This ensures a smoother transition without the stress of timing constraints or the need for a contingency offer. Demographically, Haleyville is a diverse community with a mix of young professionals, families, and retirees. The city boasts a strong sense of community and a low cost of living compared to the national average. With a growing economy and access to quality schools, Haleyville is an attractive place for individuals and families looking to settle down. The housing market in Haleyville is dynamic, offering a range of properties from historic homes to modern constructions. The city has seen a steady increase in property values in recent years, making it a promising investment opportunity. Bridge loans can help buyers take advantage of this growth by providing the flexibility needed to secure their dream home. Main attractions in Haleyville include the Natural Bridge Park, which features the longest natural bridge east of the Rockies. Outdoor enthusiasts can enjoy hiking trails, caves, and picnic areas. The city also hosts the annual 9-1-1 Festival, celebrating its claim to fame as the place of the first 9-1-1 call in the United States.
Benefits of Bridge Loans in Haleyville, Alabama
