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Navigating the process of buying a new home in Hurtsboro, 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 Hurtsboro, AL or getting it ready for the market.
Identify the new home you want to buy in Hurtsboro, 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 Hurtsboro, 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 Hurtsboro, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hurtsboro, 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 Hurtsboro, 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 Hurtsboro, 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 Hurtsboro, 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 Hurtsboro, 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 Hurtsboro, Alabama offer a quick financial solution for buyers who want to purchase a new home before selling their current one. This can prevent the need to wait for their current home to sell, allowing for a smoother transition and avoiding potential housing market fluctuations. Demographically, Hurtsboro is a small town with a tight-knit community. The population consists of a mix of families, young professionals, and retirees. The town boasts a low crime rate and a cost of living that is lower than the national average, making it an attractive option for those looking for a peaceful yet affordable place to live. In terms of the housing market, Hurtsboro offers a range of options from historic homes to modern builds. The market has seen steady growth in recent years, with affordable pricing compared to neighboring areas. With the help of bridge loans, buyers can take advantage of these opportunities without the stress of timing the sale of their current property. Main attractions in Hurtsboro include the Hurtsboro Historical Museum, which showcases the town's rich history, and the beautiful Louise Kreher Forest Ecology Preserve. Outdoor enthusiasts can enjoy hiking, fishing, and camping in the nearby Chewacla State Park, while foodies can explore local eateries offering Southern comfort food.
Benefits of Bridge Loans in Hurtsboro, Alabama
