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Navigating the process of buying a new home in Harpersville, 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 Harpersville, AL or getting it ready for the market.
Identify the new home you want to buy in Harpersville, 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 Harpersville, 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 Harpersville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Harpersville, 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 Harpersville, 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 Harpersville, 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 Harpersville, 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 Harpersville, 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 Harpersville, Alabama provide a convenient short-term financing option for homeowners who are in the process of buying a new home before selling their current one. This type of loan helps bridge the financial gap between the purchase of the new home and the sale of the existing one, offering flexibility and peace of mind to borrowers. Demographics in Harpersville, Alabama show a growing community with a mix of families and retirees. The town has a friendly and tight-knit atmosphere, making it an ideal place for those seeking a close community feel. With a median household income slightly above the state average, residents enjoy a comfortable lifestyle in this charming town. The housing market in Harpersville, Alabama, is stable, offering a variety of housing options from single-family homes to spacious estates. The median home value is affordable compared to nearby cities, making it an attractive location for first-time homebuyers and those looking to upgrade their living spaces. With rising property values, investing in real estate in Harpersville can be a lucrative opportunity. Main attractions in Harpersville, Alabama, include the scenic Lay Lake and the serene Harpersville Park, providing residents with opportunities for outdoor recreation and relaxation. The town's proximity to larger cities like Birmingham offers residents access to urban amenities while enjoying a quieter suburban lifestyle.
Benefits of Bridge Loans in Harpersville, Alabama
