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Navigating the process of buying a new home in Leeds, 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 Leeds, AL or getting it ready for the market.
Identify the new home you want to buy in Leeds, 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 Leeds, 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 Leeds, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leeds, 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 Leeds, 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 Leeds, 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 Leeds, 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 Leeds, 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 offer a convenient financing option for homebuyers in Leeds, Alabama, providing flexibility in transitioning from one home to another. With a bridge loan, borrowers can access funds to purchase a new home before selling their existing property, avoiding the stress of timing the transactions perfectly. Demographics: Leeds, Alabama, is a vibrant community with a population that is diverse in age and background. The city boasts a strong sense of community spirit and offers a range of amenities, including parks, schools, and local businesses, making it an attractive place to live for families and individuals alike. Housing Market: Leeds, Alabama, has a competitive housing market with a mix of both traditional single-family homes and newer developments. The city's real estate market is dynamic, offering a range of property options to suit different preferences and budgets. Bridge loans can provide buyers with the financial flexibility needed to secure their dream home in this competitive environment. Main Attractions: Leeds, Alabama, is home to a variety of attractions, including the Barber Vintage Motorsports Museum, an iconic destination for motorsport enthusiasts. The city also offers outdoor recreational opportunities, such as the nearby Oak Mountain State Park, which provides hiking, biking, and camping options for nature lovers.
Benefits of Bridge Loans in Leeds, Alabama
