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Navigating the process of buying a new home in Kennedy, 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 Kennedy, AL or getting it ready for the market.
Identify the new home you want to buy in Kennedy, 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 Kennedy, 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 Kennedy, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kennedy, 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 Kennedy, 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 Kennedy, 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 Kennedy, 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 Kennedy, 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 Kennedy, Alabama offer a unique financial solution for individuals looking to purchase a new home before selling their current one. These loans provide temporary funding that bridges the gap between the sale of the existing property and the purchase of a new one, allowing buyers to secure their dream home without the stress of timing the transactions. Demographics: Kennedy, Alabama, boasts a diverse population with a mix of families, retirees, and young professionals. The community is known for its tight-knit feel and strong sense of local pride. The area features a range of housing options, from historic homes to modern developments, catering to various preferences and budgets. Housing Market: The housing market in Kennedy, Alabama, is stable with steady growth in property values. Bridge loans can be particularly beneficial in a competitive market like Kennedy, giving buyers a competitive edge by allowing them to make strong offers without contingency clauses. This can be crucial in securing a desirable property in a desirable neighborhood. Main Attractions: Kennedy, Alabama, offers a charming small-town atmosphere with a range of attractions. From quaint local shops and restaurants to beautiful parks and outdoor recreational areas, there is something for everyone in Kennedy. Residents enjoy a high quality of life with easy access to nature and a close-knit community.
Benefits of Bridge Loans in Kennedy, Alabama
