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Navigating the process of buying a new home in Hanceville, 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 Hanceville, AL or getting it ready for the market.
Identify the new home you want to buy in Hanceville, 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 Hanceville, 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 Hanceville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hanceville, 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 Hanceville, 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 Hanceville, 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 Hanceville, 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 Hanceville, 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!
Benefits of Bridge Loans: Bridge loans in Hanceville, Alabama offer the advantage of providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one at favorable terms. This can ensure a smoother transition without the need for immediate liquidation of assets. Demographics: Hanceville, Alabama, has a diverse population with a mix of age groups, cultural backgrounds, and professions. The town has a close-knit community feel where residents support local businesses and each other. Housing Market: The housing market in Hanceville, Alabama, is stable with a range of housing options available, from cozy single-family homes to modern apartments. The prices are competitive, making it an attractive location for first-time buyers and families looking to settle in a peaceful neighborhood. Main Attractions: Hanceville, Alabama, boasts picturesque parks, historic sites, and engaging community events. The town is known for its serene natural surroundings, making it a desirable place for outdoor enthusiasts and families seeking a quiet yet vibrant lifestyle.
Bridge Loans in Hanceville, Alabama
