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Navigating the process of buying a new home in Pennington, 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 Pennington, AL or getting it ready for the market.
Identify the new home you want to buy in Pennington, 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 Pennington, 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 Pennington, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pennington, 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 Pennington, 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 Pennington, 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 Pennington, 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 Pennington, 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 Pennington, Alabama offer a crucial financial lifeline to homeowners allowing them to purchase a new home before selling their existing one. These loans provide the flexibility and convenience needed during the transition period, avoiding the stress of temporary housing arrangements or missing out on a dream property. Demographics: Pennington, Alabama, has a diverse population with a mix of families, young professionals, and retirees. The community values a tight-knit, neighborly atmosphere and has a range of amenities that cater to various lifestyles. Housing Market: The housing market in Pennington is showing steady growth, making it an attractive investment opportunity. With the demand for housing on the rise, property values are appreciating, making it an ideal time for homeowners to consider bridge loans to capitalize on this growth. Main Attractions: Pennington boasts a picturesque landscape with outdoor recreational activities such as hiking, fishing, and camping. The community takes pride in its historical sites, local festivals, and dining options that showcase the rich cultural heritage of the region.
Benefits of Bridge Loans in Pennington, Alabama
