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Navigating the process of buying a new home in Midland City, 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 Midland City, AL or getting it ready for the market.
Identify the new home you want to buy in Midland City, 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 Midland City, 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 Midland City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midland City, 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 Midland City, 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 Midland City, 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 Midland City, 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 Midland City, 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 Midland City, Alabama offer homeowners the flexibility to purchase a new home before selling their current one. This financial tool provides quick access to funds to make a down payment on a new property, easing the transition between homes. Midland City, Alabama, with a population of approximately 2,300 residents, offers a close-knit community atmosphere. The median age of residents is 41 years, with a majority being homeowners. The city boasts a suburban feel, making it an ideal location for families. The housing market in Midland City is stable, with a median home value of $135,000. The market has seen a gradual appreciation in property values over the years, making it a desirable location for both first-time homebuyers and those looking to upgrade to a larger residence. Some main attractions in Midland City include the Dothan Area Botanical Gardens, just a short drive away, offering serene natural surroundings and beautiful floral displays. Residents can also enjoy outdoor activities at Landmark Park, a living history museum that showcases the area's agricultural heritage.
Benefits of Bridge Loans in Midland City, Alabama
