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Navigating the process of buying a new home in Lanett, 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 Lanett, AL or getting it ready for the market.
Identify the new home you want to buy in Lanett, 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 Lanett, 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 Lanett, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lanett, 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 Lanett, 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 Lanett, 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 Lanett, 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 Lanett, 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 Lanett, Alabama offer several benefits to both buyers and sellers. These short-term loans bridge the gap between the purchase of a new home and the sale of the current one, providing funds to secure the new property while waiting for the old one to sell. This can prevent buyers from missing out on their dream home and allow sellers to move forward without delays. Lanett, Alabama, a city located in Chambers County, has a diverse population with a mix of families, young professionals, and retirees. The median home value in Lanett is reasonable, making it an attractive location for those looking to buy or sell property. The city's proximity to major highways and cities like Atlanta, Georgia, adds to its appeal. The housing market in Lanett, Alabama, offers a mix of single-family homes, townhouses, and apartments, catering to various preferences and budgets. With steady demand and a growing economy, Lanett presents opportunities for real estate investment and development. Whether you are looking for a starter home or a property with scenic views, Lanett has something for everyone.
Benefits of Bridge Loans in Lanett, Alabama
