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Navigating the process of buying a new home in Ohatchee, 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 Ohatchee, AL or getting it ready for the market.
Identify the new home you want to buy in Ohatchee, 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 Ohatchee, 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 Ohatchee, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ohatchee, 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 Ohatchee, 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 Ohatchee, 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 Ohatchee, 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 Ohatchee, 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 Ohatchee, Alabama provide homeowners with the flexibility to secure a new property before selling their current one. This can be advantageous in a competitive real estate market, allowing for a smoother transition between homes without the stress of timing the sale perfectly. Ohatchee, Alabama, is a charming town with a close-knit community and a variety of demographics. The population consists of diverse age groups, from young families attracted to the quaint lifestyle to retirees looking for a peaceful environment to settle down in. The housing market in Ohatchee, Alabama, offers a mix of historic homes and modern properties, catering to different preferences and budgets. With the help of bridge loans, buyers can take advantage of this diverse market and secure their dream home without waiting for their current property to sell. Some of the main attractions in Ohatchee include its beautiful parks, such as Ohatchee City Park, where residents can enjoy outdoor activities and community events. Additionally, the town's proximity to the Coosa River provides opportunities for fishing, boating, and other water activities.
Benefits of Bridge Loans in Ohatchee, Alabama
