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Navigating the process of buying a new home in New Brockton, 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 New Brockton, AL or getting it ready for the market.
Identify the new home you want to buy in New Brockton, 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 New Brockton, 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 New Brockton, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in New Brockton, 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 New Brockton, 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 New Brockton, 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 New Brockton, 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 New Brockton, 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!
A bridge loan in New Brockton, Alabama offers a flexible financing option for individuals who require immediate funds for purchasing a new property before selling their existing one. This type of loan helps bridge the gap between the sale of one property and the purchase of another, providing financial flexibility and allowing for a smooth transition. New Brockton, Alabama, located in Coffee County, has a population of approximately 1,136 residents. The town boasts a diverse community, with a median household income of $31,759. The area offers a peaceful and welcoming environment, ideal for families and individuals looking for a close-knit community. The housing market in New Brockton, Alabama, is characterized by a mix of single-family homes and rental properties. The median home value in the town is $92,400, making it an affordable option for homebuyers. With a range of housing options available, including traditional Southern-style homes and modern developments, New Brockton provides opportunities for various preferences and budgets. New Brockton, Alabama, is home to several attractions that highlight the town's rich history and natural beauty. Visitors can explore the Coffee County Historical Society Museum, which offers insights into the area's past, or enjoy outdoor activities at the Frank Jackson State Park, known for its scenic views and recreational opportunities.
Benefits of Bridge Loans in New Brockton, Alabama
