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Navigating the process of buying a new home in Leroy, 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 Leroy, AL or getting it ready for the market.
Identify the new home you want to buy in Leroy, 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 Leroy, 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 Leroy, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Leroy, 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 Leroy, 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 Leroy, 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 Leroy, 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 Leroy, 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 Leroy, Alabama offer a flexible financing solution for homeowners looking to purchase a new property before selling their current one. This can help expedite the buying process without the need to wait for the sale of the existing home, providing a seamless transition. Demographics: Leroy, Alabama, is a small town with a population of approximately 1,000 residents. The community is close-knit, with a mix of families and retirees. The local economy is primarily driven by agriculture and small businesses, creating a quaint and charming atmosphere. Housing Market: Leroy's housing market offers a variety of options, from historic Southern homes to modern properties. The median home price is affordable, making it an attractive location for first-time homebuyers. With the help of bridge loans, buyers can access funds quickly to secure their dream home. Main Attractions: Leroy is known for its scenic beauty, with lush greenery and outdoor recreational opportunities. The town has parks, hiking trails, and is located near the Alabama River, providing residents with a peaceful and serene environment. Additionally, Leroy hosts community events that bring neighbors together and foster a sense of belonging.
Benefits of Bridge Loans in Leroy, Alabama
