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Navigating the process of buying a new home in Needham, 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 Needham, AL or getting it ready for the market.
Identify the new home you want to buy in Needham, 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 Needham, 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 Needham, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Needham, 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 Needham, 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 Needham, 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 Needham, 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 Needham, 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 Needham, Alabama offer a valuable financing solution for homeowners looking to purchase a new property before selling their current one. These loans provide quick access to funds, allowing individuals to bridge the gap between buying and selling a home. Demographically, Needham, Alabama, is a small town with a close-knit community. The population consists primarily of families and retirees, creating a peaceful and family-friendly environment for residents. The town has a strong sense of community with local events and activities that bring people together. In terms of the housing market, Needham, Alabama, offers a diverse range of properties, including single-family homes, townhouses, and condos. The market is relatively stable, with moderate appreciation rates, making it an attractive location for both buyers and sellers. Bridge loans can help expedite the buying process in this competitive market. Some main attractions in Needham include the picturesque Needham Lake, perfect for outdoor activities such as fishing and picnicking. The town also boasts charming local shops and eateries, providing residents with a variety of options for shopping and dining.
Benefits of Bridge Loans in Needham, Alabama
