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Navigating the process of buying a new home in Oakman, 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 Oakman, AL or getting it ready for the market.
Identify the new home you want to buy in Oakman, 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 Oakman, 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 Oakman, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oakman, 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 Oakman, 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 Oakman, 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 Oakman, 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 Oakman, 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 offer immediate funds to cover the gap between buying a new property and selling the old one, helping homeowners secure new homes without waiting for their current property to sell. Demographics: Oakman, Alabama, boasts a small-town charm with a population primarily made up of families and retirees. Its close-knit community fosters a welcoming environment for residents of all ages. Housing Market: Oakman's housing market is competitive yet affordable, with a mix of single-family homes and townhouses. Bridge loans can expedite the buying process, allowing individuals to capitalize on favorable market conditions. Main Attractions: Oakman is known for its picturesque natural surroundings, including scenic parks and hiking trails. Additionally, the town hosts cultural events and fairs that bring the community together.
Benefits of Bridge Loans in Oakman, Alabama
