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Navigating the process of buying a new home in Jefferson, 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 Jefferson, AL or getting it ready for the market.
Identify the new home you want to buy in Jefferson, 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 Jefferson, 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 Jefferson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jefferson, 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 Jefferson, 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 Jefferson, 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 Jefferson, 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 Jefferson, 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 Jefferson, Alabama offer a flexible financing solution for homebuyers by providing short-term funding to bridge the gap between the purchase of a new home and the sale of the existing one. These loans can help buyers secure their dream home without being contingent on the sale of their current property. Jefferson, Alabama, boasts a diverse demographic mix with a population that appreciates the area's rich history and beautiful landscapes. The community is welcoming to all and offers various amenities to cater to residents of different ages and backgrounds. The housing market in Jefferson, Alabama, is showing promising signs with steady growth and increasing demand for both buying and renting properties. The area offers a range of housing options to suit different needs and budgets, making it an attractive market for both investors and homeowners. Some of the main attractions in Jefferson, Alabama, include its picturesque parks, historic sites, and cultural venues. Residents and visitors can enjoy outdoor activities, explore the town's heritage, and participate in community events that showcase the local arts and traditions.
Bridge Loans in Jefferson, Alabama
