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Navigating the process of buying a new home in Lexington, 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 Lexington, AL or getting it ready for the market.
Identify the new home you want to buy in Lexington, 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 Lexington, 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 Lexington, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lexington, 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 Lexington, 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 Lexington, 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 Lexington, 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 Lexington, 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!
A Bridge Loan in Lexington, Alabama offers immediate financial relief by bridging the gap between the sale of a current home and the purchase of a new one. This helps homeowners access funds quickly, enabling them to secure a new property without having to wait for their current one to sell. Demographics: Lexington, Alabama has a population of approximately 750 residents. The town boasts a tight-knit community where neighbors look out for one another. The area is known for its friendly atmosphere and strong community spirit. Housing Market: The housing market in Lexington, Alabama offers a variety of options for homebuyers. From charming historic homes to modern residential developments, there is something for everyone. The market is stable, with moderate prices and a steady demand for housing. Main Attractions: Lexington, Alabama is renowned for its picturesque natural beauty. Residents and visitors alike can enjoy outdoor activities such as hiking, fishing, and camping in the nearby national parks. The town also hosts local festivals and events that celebrate its rich cultural heritage.
Benefits of Bridge Loans in Lexington, Alabama
