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Navigating the process of buying a new home in Lynn, 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 Lynn, AL or getting it ready for the market.
Identify the new home you want to buy in Lynn, 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 Lynn, 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 Lynn, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lynn, 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 Lynn, 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 Lynn, 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 Lynn, 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 Lynn, 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 offer a convenient financing option for homeowners in Lynn, Alabama who are looking to purchase a new home before selling their current one. This type of loan provides short-term funding to bridge the gap between the sale of the existing home and the purchase of a new one, offering flexibility and convenience to borrowers. Lynn, Alabama, a small town with a population of around 650 residents, offers a tight-knit and welcoming community. The town boasts a diverse demographic, with a mix of families, retirees, and young professionals. The area's charming atmosphere and friendly locals make it an ideal place to live and raise a family. The housing market in Lynn, Alabama, is characterized by affordable home prices compared to nearby urban areas. Bridge loans can help buyers take advantage of this favorable market conditions by providing the necessary funds to secure a new home quickly. With a variety of housing options available, from cozy single-family homes to spacious lots for new construction, Lynn offers something for every buyer. In addition to its affordable housing market, Lynn, Alabama, offers residents and visitors a range of main attractions, including picturesque hiking trails, serene parks, and local cafes and restaurants. The town's proximity to natural attractions and outdoor recreation areas makes it an attractive destination for outdoor enthusiasts and nature lovers.
Benefits of Bridge Loans in Lynn, Alabama
