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Navigating the process of buying a new home in Hatchechubbee, 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 Hatchechubbee, AL or getting it ready for the market.
Identify the new home you want to buy in Hatchechubbee, 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 Hatchechubbee, 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 Hatchechubbee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hatchechubbee, 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 Hatchechubbee, 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 Hatchechubbee, 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 Hatchechubbee, 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 Hatchechubbee, 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 Hatchechubbee, Alabama offer numerous benefits, including providing immediate funds for purchasing a new home while waiting to sell an existing one. This flexibility can prevent you from missing out on a dream home or investment opportunity. Demographically, Hatchechubbee is a small town in Russell County, Alabama. With a population of approximately 1,534 residents, it offers a close-knit community feel. The town has a mix of families and retirees, creating a diverse and welcoming environment. In terms of the housing market, Hatchechubbee is experiencing steady growth due to its affordability compared to nearby cities. Bridge loans can help buyers take advantage of this growth by providing the necessary financing to secure a property in this up-and-coming market. Some main attractions in Hatchechubbee include the beautiful Lake Eufaula for outdoor recreation, the historic Hatchechubbee Methodist Church, and the Hatchechubbee Volunteer Fire Department. These attractions reflect the town's rich history and emphasis on community.
Benefits of Bridge Loans in Hatchechubbee, Alabama
