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Navigating the process of buying a new home in Millport, 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 Millport, AL or getting it ready for the market.
Identify the new home you want to buy in Millport, 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 Millport, 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 Millport, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Millport, 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 Millport, 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 Millport, 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 Millport, 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 Millport, 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 in Millport, Alabama offer a flexible financing option for homebuyers who need to bridge the gap between the purchase of a new home and the sale of their current property. This allows individuals to buy a new home without waiting for their old one to sell, providing financial freedom and reducing the stress of timing the transactions. Demographics: Millport, Alabama, is a small town with a population of approximately 1,000 residents. The community is close-knit, with a mix of families and retirees. The town's economy is primarily driven by agriculture and small businesses, creating a serene and welcoming atmosphere for residents. Housing Market: The housing market in Millport is stable, with a variety of housing options available to cater to different needs and budgets. The median home price is affordable, making Millport an attractive location for first-time homebuyers and those looking to invest in real estate. Main Attractions: Despite its size, Millport offers a range of attractions for residents and visitors. The town is known for its beautiful parks, charming downtown area, and local events that bring the community together. Residents can enjoy outdoor activities such as hiking, fishing, and picnicking in the picturesque surroundings of Millport.
Bridge Loans in Millport, Alabama
