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Navigating the process of buying a new home in Logan, 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 Logan, AL or getting it ready for the market.
Identify the new home you want to buy in Logan, 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 Logan, 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 Logan, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Logan, 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 Logan, 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 Logan, 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 Logan, 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 Logan, 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 Logan, Alabama offer a valuable financing solution for individuals looking to transition between the sale of their current home and the purchase of a new one. These short-term loans provide the flexibility to secure a new property before selling the existing one, allowing for smoother transitions without the need for contingency offers. Logan, Alabama, is a quaint town with a population that boasts a rich cultural heritage. With a median household income above the state average, the demographics of Logan indicate a stable and prosperous community, making it an attractive location for real estate investments and homeownership. The housing market in Logan, Alabama, is characterized by a diverse range of property types, from historic homes to modern developments. With a steady demand for housing and competitive pricing, the market offers opportunities for both buyers and sellers. Bridge loans can help individuals take advantage of these opportunities by providing the necessary financial support. Aside from its real estate appeal, Logan, Alabama, also features charming attractions such as the Logan Heritage Museum, which showcases the town's history, and the picturesque Logan Park, ideal for outdoor activities and relaxation. These attractions add to the overall appeal of living in Logan and contribute to the town's vibrant community.
Benefits of Bridge Loans in Logan, Alabama
