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Navigating the process of buying a new home in Oxford, 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 Oxford, AL or getting it ready for the market.
Identify the new home you want to buy in Oxford, 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 Oxford, 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 Oxford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Oxford, 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 Oxford, 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 Oxford, 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 Oxford, 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 Oxford, 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!
Benefits of Bridge Loans Bridge loans provide quick access to funds for buying a new property before selling an existing one, offering flexibility and enabling quick transactions. They can help avoid timing issues between selling and buying, prevent missed opportunities, and can be tailored to individual financial situations. Bridge loans are especially beneficial in hot real estate markets like Oxford, Alabama, where properties move quickly, allowing buyers to secure their dream homes. Demographics Oxford, Alabama, has a population of approximately 22,000 residents with a median age of 38 years and a diverse community makeup. The city boasts a strong sense of community, with a mix of families, young professionals, and retirees calling it home. Residents of Oxford enjoy a comfortable suburban lifestyle with access to various amenities and services. Housing Market The Oxford housing market is vibrant, with a range of housing options from modern townhouses to spacious single-family homes. Home values have been steadily appreciating, making it an attractive location for homeowners and investors alike. The market offers opportunities for both buyers and sellers, with competitive pricing and a variety of available properties. Main Attractions Oxford is known for its beautiful natural surroundings, including the Coldwater Mountain biking trails and Choccolocco Park. The city also offers a rich historical experience at the Oxford Museum and the Anniston Museum of Natural History. Shopping enthusiasts can explore the Oxford Exchange for a variety of retail and dining options.
Bridge Loans in Oxford, Alabama
