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Navigating the process of buying a new home in Holly Pond, 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 Holly Pond, AL or getting it ready for the market.
Identify the new home you want to buy in Holly Pond, 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 Holly Pond, 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 Holly Pond, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Holly Pond, 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 Holly Pond, 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 Holly Pond, 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 Holly Pond, 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 Holly Pond, 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!
A bridge loan in Holly Pond, Alabama can provide homeowners with the flexibility and financial assistance they need when transitioning from one property to another. One of the key benefits is the ability to access funds quickly to make a down payment on a new home before selling their current one. With a population of approximately 1,000 residents, Holly Pond offers a small-town atmosphere with close-knit community vibes. The town is known for its friendly locals, affordable cost of living, and low crime rates, making it an attractive place for families and retirees looking to settle down. The housing market in Holly Pond is characterized by a mix of affordable single-family homes and spacious plots of land. Bridge loans can help buyers secure their dream property in this competitive market by providing temporary financing to bridge the gap between the purchase of a new home and the sale of their existing one. While in Holly Pond, visitors can explore the beautiful Sportsman Lake Park, known for its scenic walking trails and fishing spots. The nearby Clarkson Covered Bridge, a historic landmark, offers a glimpse into the town's rich past. Additionally, the annual Holly Pond Day festival celebrates local culture and traditions.
Benefits of Bridge Loans in Holly Pond, Alabama
