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Navigating the process of buying a new home in Montevallo, 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 Montevallo, AL or getting it ready for the market.
Identify the new home you want to buy in Montevallo, 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 Montevallo, 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 Montevallo, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Montevallo, 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 Montevallo, 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 Montevallo, 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 Montevallo, 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 Montevallo, 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 Montevallo, Alabama offer quick access to funds, allowing buyers to bridge the gap between the purchase of a new home and the sale of their existing property. This can be especially beneficial in a competitive market where speed is essential. Montevallo, Alabama, has a diverse population with a mix of young professionals, families, and retirees. The median household income is above the national average, making it an attractive area for those seeking a mix of affordability and quality of life. The housing market in Montevallo is stable, with a range of properties available from historic homes to modern developments. The median home value is competitive, making it an ideal location for first-time buyers and those looking to invest in a growing market. Montevallo, Alabama, is known for its charming downtown area, which features a variety of local shops, restaurants, and cultural attractions. The University of Montevallo adds a youthful energy to the community, with events and programs that cater to residents of all ages.
Benefits of Bridge Loans in Montevallo, Alabama
