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Navigating the process of buying a new home in Lillian, 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 Lillian, AL or getting it ready for the market.
Identify the new home you want to buy in Lillian, 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 Lillian, 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 Lillian, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lillian, 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 Lillian, 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 Lillian, 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 Lillian, 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 Lillian, 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 Lillian, Alabama, can provide quick access to funds for purchasing a new home before selling your current one. This allows for a smoother transition and prevents the need for a contingency offer. Demographically, Lillian is a diverse community with a mix of young families and retirees. The town has a strong sense of community with various events and activities for residents of all ages. In terms of the housing market, Lillian offers a range of options from affordable starter homes to waterfront properties. The market is relatively stable, making it an attractive location for buyers seeking investment opportunities. Main attractions in Lillian include the beautiful Perdido Bay for water activities, the Lillian Public Boat Launch, and the Lillian Park for picnics and recreational activities. These attractions make Lillian a desirable place to live and visit.
Benefits of Bridge Loans in Lillian, Alabama
