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Navigating the process of buying a new home in Palmerdale, 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 Palmerdale, AL or getting it ready for the market.
Identify the new home you want to buy in Palmerdale, 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 Palmerdale, 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 Palmerdale, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Palmerdale, 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 Palmerdale, 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 Palmerdale, 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 Palmerdale, 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 Palmerdale, 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 homeowners in Palmerdale, Alabama the flexibility to purchase a new home before selling their current property. This proves advantageous when you find your dream home but haven't sold your existing one. Demographically, Palmerdale, Alabama, is a rural area with a close-knit community. The population mainly consists of families and retirees looking for a peaceful place to call home. The housing market in Palmerdale is stable with moderate home prices, making it an attractive option for potential buyers. Bridge loans can help individuals take advantage of this market without the stress of timing the sale of their current home. Main attractions in Palmerdale include the picturesque natural landscapes perfect for outdoor enthusiasts, such as hiking and fishing. Additionally, the community's historical sites offer a glimpse into its rich history and culture.
The Benefits of Bridge Loans in Palmerdale, Alabama
