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Navigating the process of buying a new home in Parrish, 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 Parrish, AL or getting it ready for the market.
Identify the new home you want to buy in Parrish, 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 Parrish, 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 Parrish, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Parrish, 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 Parrish, 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 Parrish, 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 Parrish, 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 Parrish, 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 Parrish, Alabama offer a quick, convenient solution for those looking to purchase a new home before selling their current one. These loans provide the flexibility to secure a new property without having to wait for the sale of the existing home, making the buying process smoother and less stressful. Demographics: Parrish, Alabama, is a charming town with a population of approximately 982 residents. The community is close-knit, with a mix of families and retirees. The town offers a peaceful and safe environment, making it an ideal place to raise a family or enjoy a quiet retirement. Housing Market: The housing market in Parrish is stable, with a good inventory of properties available for both buying and renting. The median home price is affordable, making it an attractive option for first-time buyers or those looking to downsize. Bridge loans can help expedite the home buying process in this competitive market. Main Attractions: Parrish boasts scenic parks, hiking trails, and local eateries that offer a taste of Southern hospitality. The town's proximity to outdoor recreational areas and historic sites makes it a desirable destination for nature lovers and history enthusiasts alike.
Benefits of Bridge Loans in Parrish, Alabama
