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Navigating the process of buying a new home in Pansey, 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 Pansey, AL or getting it ready for the market.
Identify the new home you want to buy in Pansey, 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 Pansey, 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 Pansey, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pansey, 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 Pansey, 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 Pansey, 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 Pansey, 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 Pansey, 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 Pansey, Alabama offer a crucial financial bridge for homeowners allowing them to purchase a new home before selling their existing one, eliminating the stress of timing constraints in the competitive real estate market. Pansey, Alabama, a quaint rural town with a population of approximately 800 residents, boasts a tight-knit community atmosphere, affordable cost of living, and favorable school districts, making it an ideal location to raise families. The housing market in Pansey, Alabama presents a mix of charming single-family homes and spacious rural properties at affordable prices, with a steady appreciation rate, making it an attractive investment opportunity for homebuyers seeking tranquility. Main attractions in Pansey include the serene landscapes of Econfina Creek, ideal for outdoor activities like fishing and kayaking, as well as the historic Pansey Baptist Church, offering a glimpse into the town's rich heritage and cultural significance.
Benefits of Bridge Loans in Pansey, Alabama
