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Navigating the process of buying a new home in Huntsville, 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 Huntsville, AL or getting it ready for the market.
Identify the new home you want to buy in Huntsville, 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 Huntsville, 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 Huntsville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Huntsville, 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 Huntsville, 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 Huntsville, 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 Huntsville, 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 Huntsville, 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!
Benefits of Bridge Loans: Bridge loans in Huntsville offer a convenient financing solution for homebuyers who need to purchase a new property before selling their current one. These loans provide short-term funding that covers the down payment and enable a smoother transition between homes. Demographics: Huntsville, Alabama, is a vibrant city known for its strong economy, diverse population, and renowned educational institutions like the University of Alabama-Huntsville. The city attracts a blend of young professionals, families, and retirees, contributing to its dynamic community. Housing Market: Huntsville's housing market is experiencing steady growth, with a range of properties available to suit various preferences. The city's real estate market offers competitive pricing, favorable interest rates, and opportunities for investment, making it an attractive location for both buyers and sellers. Main Attractions: Huntsville boasts a rich cultural scene, with attractions such as the U.S. Space & Rocket Center, Huntsville Botanical Garden, and Monte Sano State Park. Residents and visitors can enjoy a mix of outdoor recreational activities, educational experiences, and entertainment options throughout the city.
Bridge Loans in Huntsville, Alabama
