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Navigating the process of buying a new home in Millerville, 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 Millerville, AL or getting it ready for the market.
Identify the new home you want to buy in Millerville, 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 Millerville, 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 Millerville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Millerville, 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 Millerville, 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 Millerville, 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 Millerville, 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 Millerville, 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 provide quick access to funds to bridge the gap between the purchase of a new property and the sale of an existing one. They are ideal for homebuyers in Millerville looking to secure a new property without being contingent on selling their current home first. Demographics: Millerville, Alabama, is a charming small town with a population of approximately 600 residents. The community is known for its friendly atmosphere and close-knit neighborhoods, making it an ideal place for families and retirees looking for a peaceful lifestyle. Housing Market: The housing market in Millerville offers a mix of historic homes and modern constructions. With the help of bridge loans, homebuyers have the flexibility to seize attractive real estate opportunities quickly, without losing out on their dream homes due to delays in selling their current property. Main Attractions: Millerville boasts picturesque natural landscapes that are perfect for outdoor enthusiasts. Residents and visitors can enjoy hiking trails, fishing spots, and local festivals that showcase the town's rich cultural heritage. Additionally, the town's proximity to larger cities provides easy access to urban amenities while maintaining a tranquil living environment.
Bridge Loans Benefits in Millerville, Alabama
