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Navigating the process of buying a new home in Hamilton, 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 Hamilton, AL or getting it ready for the market.
Identify the new home you want to buy in Hamilton, 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 Hamilton, 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 Hamilton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hamilton, 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 Hamilton, 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 Hamilton, 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 Hamilton, 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 Hamilton, 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!
1. Benefits Bridge loans in Hamilton, Alabama provide homeowners with the flexibility to purchase a new home before selling their existing one. This can be advantageous in competitive real estate markets, offering quick access to funds for a down payment. 2. Demographics Hamilton, Alabama, is a charming town with a population of around 6,500 residents. The community is known for its friendly atmosphere and tight-knit neighborhoods, making it an ideal place for families and retirees alike. 3. Housing Market The housing market in Hamilton is currently stable, with a range of housing options available from single-family homes to townhouses. The median home price is affordable compared to larger cities, making it an attractive location for those looking to settle down. 4. Main Attractions Hamilton boasts a range of outdoor recreational activities, including hiking trails, parks, and nearby lakes for fishing and water sports. The town also has a vibrant downtown area with shops, restaurants, and community events that appeal to residents and visitors alike.
Benefits of Bridge Loans in Hamilton, Alabama
