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Navigating the process of buying a new home in Lafayette, 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 Lafayette, AL or getting it ready for the market.
Identify the new home you want to buy in Lafayette, 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 Lafayette, 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 Lafayette, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, Alabama offer numerous benefits: They provide short-term financing to bridge the gap between the purchase of a new property and the sale of your current one. This ensures a smooth transition without needing to wait for your old property to sell. Additionally, they offer flexibility in repayment terms and can be a valuable tool for seizing investment opportunities quickly. Demographics: Lafayette, Alabama, is a charming town with a population of around 3,200 residents. The community is known for its friendly atmosphere and strong sense of community. The town is diverse, with a mix of families, young professionals, and retirees calling it home. Housing Market: Lafayette's housing market is stable and offers a range of options from single-family homes to apartments. The median home price is competitive, making it an attractive location for first-time buyers and investors alike. With the help of bridge loans, buyers can navigate the market efficiently. Main Attractions: Lafayette boasts some main attractions such as the scenic Lake Lafayette, perfect for fishing and boating enthusiasts. The town also has historic landmarks, inviting parks, and a variety of local shops and restaurants that showcase the town's unique charm.
Bridge Loans in Lafayette, Alabama
