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Navigating the process of buying a new home in Knoxville, 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 Knoxville, AL or getting it ready for the market.
Identify the new home you want to buy in Knoxville, 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 Knoxville, 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 Knoxville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Knoxville, 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 Knoxville, 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 Knoxville, 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 Knoxville, 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 Knoxville, 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 Knoxville, Alabama provide immediate funds to bridge the gap between the purchase of a new home and the sale of a current property. This type of financing offers flexibility and speed, allowing homeowners to secure their dream home without being held back by the timing constraints of selling their existing property. Demographically, Knoxville, Alabama, is a vibrant community with a mix of young professionals, families, and retirees. The city's population is diverse, creating a rich and welcoming environment for residents of all backgrounds. The area offers a range of housing options, from historic homes to modern developments, catering to various preferences and lifestyles. The housing market in Knoxville, Alabama, is dynamic and competitive. With a steady demand for housing, properties often sell quickly, making bridge loans a valuable tool for buyers looking to stay ahead in the market. The city boasts a strong economy and low unemployment rates, contributing to a stable real estate market with promising opportunities for both buyers and sellers. Main attractions in Knoxville, Alabama, include the picturesque Knoxville Museum of Art, which showcases local and regional works of art, and the vibrant Market Square, known for its charming shops, restaurants, and cultural events. The city's proximity to the Great Smoky Mountains National Park also offers outdoor enthusiasts a haven for hiking, camping, and scenic drives.
Benefits of Bridge Loans in Knoxville, Alabama
