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Navigating the process of buying a new home in Helena, 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 Helena, AL or getting it ready for the market.
Identify the new home you want to buy in Helena, 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 Helena, 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 Helena, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Helena, 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 Helena, 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 Helena, 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 Helena, 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 Helena, 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 Helena, Alabama offer a valuable financing option for homeowners looking to buy a new home before selling their existing one. These loans provide the flexibility and liquidity needed to secure a new property without the stress of waiting for the current home to sell. Helena, Alabama, with a population of around 20,000, boasts a family-friendly community with excellent schools and a low crime rate. The median household income is approximately $90,000, making it an attractive location for families and professionals alike. The housing market in Helena is competitive, with a median home price of $250,000. Bridge loans can help buyers navigate this market by offering quick access to funds needed for a down payment, giving them a competitive edge in making offers on desirable properties. Some main attractions in Helena include the Buck Creek Park, which offers a scenic retreat for outdoor activities, and the Helena Amphitheater, hosting community events and concerts. The area also features a variety of dining options and shopping centers for residents to enjoy.
Benefits of Bridge Loans in Helena, Alabama
