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Navigating the process of buying a new home in Midway, 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 Midway, AL or getting it ready for the market.
Identify the new home you want to buy in Midway, 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 Midway, 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 Midway, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Midway, 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 Midway, 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 Midway, 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 Midway, 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 Midway, 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!
Benefits of Bridge Loans: Bridge loans offer a convenient financing option for individuals seeking to purchase a new home before selling their current one. It provides temporary funding to bridge the gap between the sale of the existing property and the purchase of a new one, helping avoid the need for contingencies in offers and allowing for quick transactions. Demographics: Midway, Alabama, is a charming town with a population of approximately X, located in County, characterized by a close-knit community with a mix of families and retirees. The town boasts a diverse population with a strong sense of community and pride in its local heritage. Housing Market Information: The housing market in Midway is currently experiencing steady growth, with a variety of housing options available to suit different preferences and budgets. The median home price in the area is X, making it an attractive location for both first-time homebuyers and those looking to upgrade their current residence. Main Attractions: Midway offers a range of attractions for residents and visitors alike, including beautiful parks, historical landmarks, and local events that showcase the town's cultural richness. From outdoor recreational activities to community festivals, Midway has something for everyone to enjoy.
Bridge Loans in Midway, Alabama
