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Navigating the process of buying a new home in Paint Rock, 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 Paint Rock, AL or getting it ready for the market.
Identify the new home you want to buy in Paint Rock, 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 Paint Rock, 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 Paint Rock, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Paint Rock, 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 Paint Rock, 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 Paint Rock, 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 Paint Rock, 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 Paint Rock, 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 Paint Rock offer quick access to funds, facilitating seamless property purchases without the need to wait for the sale of an existing home. This flexibility enables buyers to secure their dream home without delays. Paint Rock, located in Jackson County, Alabama, has a population of approximately 200 residents. The town boasts a tight-knit community, friendly atmosphere, and affordable living costs, making it an ideal place for families and retirees alike. The housing market in Paint Rock is diverse, with a mix of historic homes and modern properties. Bridge loans cater to buyers looking to invest in these homes, offering a short-term financing solution that bridges the gap between buying a new home and selling an existing one. Main attractions in Paint Rock include the Paint Rock River, a popular spot for fishing and kayaking, as well as the historic Paint Rock School, which serves as a cultural hub for the community. Additionally, outdoor enthusiasts can explore the picturesque Paint Rock Valley.
Benefits of Bridge Loans in Paint Rock, Alabama
