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Navigating the process of buying a new home in Linden, 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 Linden, AL or getting it ready for the market.
Identify the new home you want to buy in Linden, 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 Linden, 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 Linden, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Linden, 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 Linden, 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 Linden, 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 Linden, 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 Linden, 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 Linden, Alabama offer a flexible financial solution for individuals looking to purchase a new property before selling their existing one. These short-term loans provide quick access to funds, allowing buyers to secure their new home without the stress of waiting for their current property to sell. This can be especially beneficial in a competitive market where quick decisions matter. Demographics: Linden, Alabama, with a population of around 2,000 residents, boasts a close-knit community with a rich history. The town has a diverse population, with a mix of age groups and backgrounds, creating a welcoming and inclusive atmosphere for both residents and visitors. Housing Market: The housing market in Linden, Alabama, offers a range of options from historic homes to modern developments. The average home price is affordable, making it an attractive location for first-time buyers and those looking to invest in real estate. Bridge loans can help buyers take advantage of opportunities in this growing market. Main Attractions: Linden, Alabama, is known for its scenic beauty, outdoor recreational opportunities, and cultural landmarks. From the peaceful Lake Demopolis to the Marengo County History and Archives Museum, there is something for everyone to enjoy in this charming town.
Benefits of Bridge Loans in Linden, Alabama
