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Navigating the process of buying a new home in Kellyton, 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 Kellyton, AL or getting it ready for the market.
Identify the new home you want to buy in Kellyton, 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 Kellyton, 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 Kellyton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kellyton, 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 Kellyton, 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 Kellyton, 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 Kellyton, 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 Kellyton, 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 Kellyton, Alabama offer a valuable financing solution for those looking to transition between the sale of one property and the purchase of another. These short-term loans provide immediate funds to bridge the gap, ensuring smooth transitions without the need to wait for traditional financing. Kellyton, Alabama, is a vibrant community with a population that values close-knit relationships and a strong sense of local pride. The town boasts a diverse demographic mix, including families, professionals, and retirees, creating a rich tapestry of backgrounds and cultures. The housing market in Kellyton is characterized by a mix of traditional single-family homes, charming historic properties, and modern developments. With affordable pricing compared to larger cities, Kellyton offers excellent opportunities for first-time buyers, investors, and those looking to relocate to a welcoming community. Some main attractions in Kellyton include the picturesque Lake Martin, known for its scenic beauty and recreational activities such as boating and fishing. Additionally, the town features quaint local shops, delicious southern cuisine, and a variety of outdoor spaces perfect for leisurely strolls and family picnics.
Benefits of Bridge Loans in Kellyton, Alabama
