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Navigating the process of buying a new home in Kent, 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 Kent, AL or getting it ready for the market.
Identify the new home you want to buy in Kent, 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 Kent, 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 Kent, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Kent, 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 Kent, 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 Kent, 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 Kent, 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 Kent, 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 Kent, Alabama offer a flexible financing option for homebuyers. These loans provide quick access to funds for purchasing a new home before selling the old one, preventing the need to wait for a sale to move forward with a new purchase. This is especially beneficial in competitive real estate markets where timing is crucial. Demographics: Kent, Alabama, is a diverse community with a mix of families, young professionals, and retirees. The population enjoys a tight-knit community feel with access to quality schools, parks, and local amenities. The area boasts a blend of suburban tranquility and urban convenience, attracting residents from various backgrounds. Housing Market: Kent's housing market is vibrant, with a range of properties available to suit different preferences and budgets. The market is characterized by steady appreciation rates and a stable demand for housing. Bridge loans can help buyers navigate this competitive market by providing the necessary financial support to make timely offers and secure desirable properties. Main Attractions: Kent, Alabama, offers an array of attractions, including picturesque parks, historic landmarks, and cultural venues. Residents can explore the local art scene, enjoy outdoor recreational activities, and savor delicious cuisine at various dining establishments. The town's charm and amenities make it a desirable place to live and invest in real estate.
Benefits of Bridge Loans in Kent, Alabama
