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Navigating the process of buying a new home in Odenville, 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 Odenville, AL or getting it ready for the market.
Identify the new home you want to buy in Odenville, 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 Odenville, 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 Odenville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Odenville, 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 Odenville, 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 Odenville, 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 Odenville, 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 Odenville, 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 Odenville, Alabama offer a range of benefits to homeowners. These short-term loans provide quick access to funds needed to purchase a new home before selling the current one. This flexibility can be particularly advantageous in a competitive real estate market, allowing buyers to make stronger offers without contingencies. Odenville, Alabama, with a population of around 4,000 residents, is a welcoming community located in St. Clair County. The area boasts a diverse demographic profile, with a mix of young families, retirees, and professionals. This creates a vibrant and inclusive atmosphere, making it an attractive place to live for people of all ages. The housing market in Odenville is currently experiencing steady growth, with a median home value of $190,000. The market offers a variety of housing options, from charming single-family homes to spacious modern developments. Bridge loans can help buyers take advantage of these opportunities by providing the necessary financial support during the transition. Odenville is known for its picturesque landscapes, outdoor recreational opportunities, and rich history. Residents and visitors alike can enjoy activities like hiking in the nearby state parks, exploring local shops and restaurants, and attending community events. The town's small-town charm combined with its convenient proximity to urban centers makes it a hidden gem in Alabama.
Benefits of Bridge Loans in Odenville, Alabama
