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Navigating the process of buying a new home in Livingston, 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 Livingston, AL or getting it ready for the market.
Identify the new home you want to buy in Livingston, 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 Livingston, 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 Livingston, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Livingston, 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 Livingston, 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 Livingston, 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 Livingston, 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 Livingston, 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 Livingston, Alabama offer a quick and flexible financing option for homebuyers. These loans can bridge the gap between the purchase of a new home and the sale of an existing one, providing the needed funds during the transition period. They provide immediate cash flow and enable buyers to move quickly on a new property without waiting for their current home to sell. Demographics: Livingston, Alabama, is a charming town with a population of approximately 3,500 residents. The community has a mix of families, young professionals, and retirees. The town is known for its friendly atmosphere, affordable cost of living, and strong sense of community. Housing Market: The housing market in Livingston offers a range of options, from historic homes to modern developments. With the help of bridge loans, buyers can take advantage of the diverse housing stock in the area. The market is stable, with steady appreciation rates, making it an attractive investment for homebuyers. Main Attractions: Livingston boasts a variety of attractions, including the University of West Alabama, Lake LU, and Sumter County Museum. Residents enjoy outdoor activities like fishing, hiking, and boating. The town's historic downtown area features local shops, restaurants, and cultural events.
Benefits of Bridge Loans in Livingston, Alabama
