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Navigating the process of buying a new home in Jemison, 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 Jemison, AL or getting it ready for the market.
Identify the new home you want to buy in Jemison, 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 Jemison, 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 Jemison, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Jemison, 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 Jemison, 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 Jemison, 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 Jemison, 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 Jemison, 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 provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing property. They offer quick access to funds, flexible terms, and can help avoid contingent sale offers, allowing for a smoother transition. Bridge loans are especially beneficial in competitive real estate markets like Jemison, Alabama, where quick transactions can make a significant difference. Demographics in Jemison, Alabama: Jemison has a population of approximately X, with a median household income of $X. The city has a diverse community with a mix of age groups, with a growing number of young families attracted to the area. Jemison offers a small-town feel with access to urban amenities, making it an ideal place to live for many. Housing Market in Jemison, Alabama: The housing market in Jemison is competitive, with a median home value of $X. Home values have been steadily increasing, making it a favorable market for sellers. Bridge loans can help buyers secure properties in such a market by providing the necessary funds quickly. Main Attractions in Jemison, Alabama: Jemison is known for its beautiful parks, such as X Park and Y Park, offering recreational activities for residents. The city also hosts annual events like the Z Festival, showcasing local talent and bringing the community together. Jemison's proximity to attractions like lakes and hiking trails makes it an attractive place for outdoor enthusiasts.
Bridge Loans in Jemison, Alabama
