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Navigating the process of buying a new home in Lenox, 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 Lenox, AL or getting it ready for the market.
Identify the new home you want to buy in Lenox, 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 Lenox, 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 Lenox, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lenox, 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 Lenox, 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 Lenox, 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 Lenox, 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 Lenox, 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 Lenox, Alabama offer numerous benefits for homebuyers. These short-term loans help bridge the gap between the purchase of a new home and the sale of an existing property. This flexibility allows buyers to secure their dream home without being constrained by the timing of selling their current home. Demographically, Lenox, Alabama has a diverse population with a mix of families, young professionals, and retirees. The town boasts a strong sense of community with various cultural and recreational activities for residents of all ages. The housing market in Lenox, Alabama is experiencing steady growth, making it an attractive location for homebuyers. The town offers a range of housing options, from cozy single-family homes to spacious estates, catering to various preferences and budgets. Main attractions in Lenox include its picturesque parks, historical sites, and outdoor recreational opportunities. Residents and visitors can enjoy hiking trails, fishing spots, and local events that showcase the town's rich heritage and natural beauty.
Benefits of Bridge Loans in Lenox, Alabama
