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Navigating the process of buying a new home in Horton, 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 Horton, AL or getting it ready for the market.
Identify the new home you want to buy in Horton, 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 Horton, 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 Horton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Horton, 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 Horton, 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 Horton, 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 Horton, 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 Horton, 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 offer flexibility to homeowners in Horton, Alabama, by providing quick financing to bridge the gap between the purchase of a new home and the sale of their current one. This allows homeowners to secure their new dream home without being contingent on selling their existing property first. Demographically, Horton, Alabama, is a charming rural town with a tight-knit community. The population is diverse, with a mix of families, retirees, and young professionals. The town offers a peaceful and picturesque setting, making it an ideal place for those looking for a quieter lifestyle. The housing market in Horton, Alabama, is stable and offers a variety of properties at different price points. With affordable housing options and a steady appreciation in home values, investing in real estate in Horton can be a wise financial decision. Bridge loans can help buyers navigate the competitive market more efficiently.
Benefits of Bridge Loans in Horton, Alabama
