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Navigating the process of buying a new home in Maplesville, 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 Maplesville, AL or getting it ready for the market.
Identify the new home you want to buy in Maplesville, 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 Maplesville, 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 Maplesville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Maplesville, 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 Maplesville, 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 Maplesville, 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 Maplesville, 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 Maplesville, 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 Maplesville, Alabama offer a range of benefits for homebuyers and sellers, providing a financial bridge to secure a new property before selling the current one. These loans help avoid the stress of timing the sale of one home with the purchase of another, enabling smoother transitions between properties. Demographics: Maplesville, Alabama, has a charming small-town feel with a population of approximately 700 residents. The community is known for its friendly atmosphere, low crime rates, and strong sense of local pride. The town attracts families looking for a peaceful yet vibrant place to call home. Housing Market: Maplesville offers a diverse housing market with options ranging from historic homes to modern developments. The real estate market is stable, with affordable pricing compared to nearby urban areas. Bridge loans can help buyers take advantage of these opportunities without being held back by the sale of their current property. Main Attractions: Maplesville boasts scenic parks, local shops, and annual events that bring the community together. The town's proximity to outdoor recreational areas and cultural sites makes it an ideal location for nature enthusiasts and history buffs alike.
Benefits of Bridge Loans in Maplesville, Alabama
