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Navigating the process of buying a new home in Kellerman, 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 Kellerman, AL or getting it ready for the market.
Identify the new home you want to buy in Kellerman, 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 Kellerman, 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 Kellerman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kellerman, 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 Kellerman, 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 Kellerman, 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 Kellerman, 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 Kellerman, 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 offer a valuable financial solution for individuals looking to purchase a new home before selling their existing property. In Kellerman, Alabama, these loans provide flexibility and allow homeowners to make competitive offers without needing to wait for their current home to sell. Kellerman, Alabama, is a small town with a tight-knit community. With a population that values connection and support, residents find comfort in the strong community bonds and friendly neighborhoods. The town's demographics exhibit a mix of age groups, with a focus on family-oriented living and a slower pace of life. The housing market in Kellerman offers diverse options from historic homes to modern developments. With the rise of remote work, many individuals are seeking properties in peaceful locations like Kellerman, making it a desirable market for buyers and sellers alike. Bridge loans play a vital role in aiding transactions and ensuring a smooth process in this evolving real estate landscape.
Benefits of Bridge Loans in Kellerman, Alabama
