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Navigating the process of buying a new home in Hayneville, 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 Hayneville, AL or getting it ready for the market.
Identify the new home you want to buy in Hayneville, 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 Hayneville, 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 Hayneville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hayneville, 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 Hayneville, 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 Hayneville, 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 Hayneville, 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 Hayneville, 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 Hayneville, Alabama offer a valuable solution for homebuyers who are looking to purchase a new property before selling their existing one. These loans provide short-term financing that bridges the gap between the purchase of a new home and the sale of the current one, allowing buyers to secure their new property without the need for a contingency offer. Demographics: Hayneville, Alabama, is a charming town with a population of approximately 1,300 residents. The community is known for its friendly atmosphere and close-knit neighborhoods, making it an ideal place to raise a family or retire in peace. Housing Market: The housing market in Hayneville, Alabama, is showing promising signs of growth. With a variety of housing options available, from historic homes to modern builds, there is something for every taste and budget. Bridge loans can help buyers take advantage of these opportunities and secure their dream home. Main Attractions: Hayneville, Alabama, boasts a rich history and plenty of attractions for residents and visitors alike. From the historic Lowndes County Courthouse to the stunning outdoors at Lowndes County State Park, there is no shortage of things to see and do in this picturesque town.
The Benefits of Bridge Loans in Hayneville, Alabama
