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Navigating the process of buying a new home in Hollins, 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 Hollins, AL or getting it ready for the market.
Identify the new home you want to buy in Hollins, 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 Hollins, 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 Hollins, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hollins, 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 Hollins, 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 Hollins, 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 Hollins, 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 Hollins, 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 Hollins, Alabama offer fast and convenient financing solutions for homebuyers. These loans help bridge the gap between the purchase of a new home and the sale of an existing property, enabling buyers to secure their dream home without delays. Demographics of Hollins, Alabama reveal a close-knit community with a population that values a peaceful, rural lifestyle. The area boasts a diverse mix of residents, including families, retirees, and young professionals, creating a vibrant and welcoming environment. The housing market in Hollins, Alabama is characterized by a mix of traditional and modern homes, catering to various preferences and budgets. With a stable market and reasonable prices, it presents a great opportunity for both buyers and sellers to make profitable real estate transactions. Hollins, Alabama, is known for its scenic beauty, offering attractions such as the picturesque Hollins Wildlife Management Area, ideal for outdoor enthusiasts. The area also features charming local shops, restaurants, and cultural events that showcase the town's rich heritage and community spirit.
Benefits of Bridge Loans in Hollins, Alabama
