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Navigating the process of buying a new home in Huxford, 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 Huxford, AL or getting it ready for the market.
Identify the new home you want to buy in Huxford, 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 Huxford, 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 Huxford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Huxford, 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 Huxford, 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 Huxford, 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 Huxford, 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 Huxford, 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 provide flexibility to homebuyers by offering short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. In Huxford, Alabama, these loans are advantageous as they allow buyers to secure their new property quickly without having to wait for their old home to sell. Demographically, Huxford is a small town with a close-knit community. The population is diverse in age groups, with a significant number of families and retirees residing in the area. The town has a rural charm and a peaceful environment, making it an ideal place for those seeking a quieter lifestyle. In terms of the housing market, Huxford offers a mix of affordable and mid-range properties. The real estate market is stable, with steady appreciation rates. Bridge loans can help buyers take advantage of favorable market conditions by allowing them to seize opportunities quickly. Huxford is surrounded by scenic beauty, with attractions such as the Conecuh National Forest and the nearby Conecuh River providing ample opportunities for outdoor recreation. The town also boasts historical sites and local events that showcase its rich heritage.
Benefits of Bridge Loans in Huxford, Alabama
