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Navigating the process of buying a new home in Marion Junction, 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 Marion Junction, AL or getting it ready for the market.
Identify the new home you want to buy in Marion Junction, 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 Marion Junction, 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 Marion Junction, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Marion Junction, 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 Marion Junction, 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 Marion Junction, 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 Marion Junction, 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 Marion Junction, 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 provide quick access to funds, allowing homeowners in Marion Junction to purchase a new home before selling their existing one. This can prevent missed opportunities and help in a competitive real estate market. Marion Junction, Alabama, has a population of approximately X, with a median household income of $Y. The diverse community offers a mix of rural charm and modern amenities, making it a desirable place to live. The housing market in Marion Junction is experiencing steady growth, with property values appreciating. Bridge loans can assist residents in taking advantage of favorable market conditions and securing their dream homes. Main attractions in Marion Junction include Z, which attracts visitors with its historic landmarks and natural beauty. Bridge loans can facilitate homeownership near these attractions and enhance the overall quality of life in the area.
Benefits of Bridge Loans in Marion Junction, Alabama
