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Navigating the process of buying a new home in Lower Peach Tree, 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 Lower Peach Tree, AL or getting it ready for the market.
Identify the new home you want to buy in Lower Peach Tree, 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 Lower Peach Tree, 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 Lower Peach Tree, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lower Peach Tree, 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 Lower Peach Tree, 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 Lower Peach Tree, 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 Lower Peach Tree, 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 Lower Peach Tree, 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 Lower Peach Tree, Alabama provide a crucial financial solution for homeowners who need immediate funds for a new property while awaiting the sale of their current home. These loans offer quick access to capital, allowing individuals to secure the new property without delays. Lower Peach Tree, Alabama, is a charming rural town with a population of approximately 300 residents. The community is known for its friendly atmosphere, low crime rates, and strong sense of unity. Demographically, the town is predominantly composed of middle-class families and retirees seeking a peaceful lifestyle. The housing market in Lower Peach Tree is a promising investment opportunity. With affordable prices compared to neighboring areas, the town provides a great value for homebuyers. The market is stable, and properties have shown consistent appreciation over the years, making it an attractive option for both buyers and investors. While Lower Peach Tree may be a small town, it boasts several main attractions that showcase the area's natural beauty and rich history. Visitors can explore the nearby Cahaba River, known for its scenic views and recreational activities. Additionally, the town is home to historical sites such as the Lower Peach Tree Historic District, offering a glimpse into the area's past.
Benefits of Bridge Loans in Lower Peach Tree, Alabama
