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Navigating the process of buying a new home in Madison, 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 Madison, AL or getting it ready for the market.
Identify the new home you want to buy in Madison, 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 Madison, 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 Madison, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Madison, 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 Madison, 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 Madison, 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 Madison, 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 Madison, 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 convenient short-term financing options for individuals in Madison, Alabama who are looking to purchase a new home before selling their existing one. These loans provide quick access to funds, enabling buyers to secure their dream home without the pressure of waiting for their current property to sell. Madison, Alabama, with a population of approximately 50,000 residents, boasts a thriving community with a median household income above the national average. The area is known for its excellent school systems, making it an attractive location for families looking to settle down. The housing market in Madison, Alabama, is currently experiencing a steady rise in property values, making it a lucrative investment opportunity for both buyers and sellers. With a diverse range of housing options available, from new developments to charming historic homes, Madison caters to a variety of preferences. Madison, Alabama, is home to several main attractions, including the U.S. Space & Rocket Center, a renowned space museum and educational center. The city also offers picturesque parks, shopping districts, and a vibrant culinary scene, ensuring residents have plenty of entertainment options to enjoy.
Benefits of Bridge Loans in Madison, Alabama
