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Navigating the process of buying a new home in Hayden, 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 Hayden, AL or getting it ready for the market.
Identify the new home you want to buy in Hayden, 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 Hayden, 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 Hayden, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hayden, 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 Hayden, 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 Hayden, 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 Hayden, 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 Hayden, 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 Hayden, Alabama offer several key benefits to home buyers and sellers. These short-term loans provide the flexibility to secure a new property before selling the current one, avoiding the need to wait for the sale to go through. This can be especially advantageous in a competitive real estate market, allowing individuals to move quickly on desirable properties. Demographics: Hayden, Alabama, is a quaint town with a population of approximately 1,300 residents. The community is known for its friendly atmosphere and close-knit feel. The median age in Hayden is 37 years old, with a mix of families and retirees making up the population. Housing Market: The housing market in Hayden, Alabama, is currently experiencing steady growth. With a range of housing options, from single-family homes to townhouses, there is something for everyone in this diverse market. Bridge loans can help home buyers take advantage of opportunities in this market without being held back by the sale of their current home. Main Attractions: Hayden offers a variety of attractions, including beautiful parks, local shops, and a strong sense of community. The town is also known for its proximity to outdoor recreational areas, making it an ideal location for those who enjoy nature and outdoor activities.
Benefits of Bridge Loans in Hayden, Alabama
