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Navigating the process of buying a new home in Hartford, 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 Hartford, AL or getting it ready for the market.
Identify the new home you want to buy in Hartford, 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 Hartford, 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 Hartford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hartford, 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 Hartford, 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 Hartford, 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 Hartford, 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 Hartford, 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 Hartford, Alabama offer numerous benefits to residents and investors. These loans provide short-term financing solutions that bridge the gap between the purchase of a new property and the sale of an existing one. They can be invaluable in competitive real estate markets, allowing borrowers to secure funding quickly and with flexible terms. Demographics Hartford, Alabama, is a charming small town with a population of approximately 2,500 residents. The community is known for its tight-knit feel, friendly atmosphere, and strong sense of local pride. The town boasts a diverse population, including families, retirees, and young professionals, creating a vibrant and welcoming environment. Housing Market The housing market in Hartford, Alabama, is currently experiencing steady growth, making it an attractive location for real estate investments. With a mix of historic homes and new developments, there are options to suit various preferences and budgets. Bridge loans can help buyers capitalize on opportunities in this competitive market and secure their dream home. Main Attractions Aside from its picturesque surroundings and friendly community, Hartford, Alabama, offers a range of attractions for residents and visitors. Outdoor enthusiasts can enjoy activities such as hiking, fishing, and camping in the nearby parks and natural areas. The town also hosts local events, farmers markets, and cultural festivals that showcase its unique charm.
Benefits of Bridge Loans in Hartford, Alabama
