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Navigating the process of buying a new home in Phil Campbell, 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 Phil Campbell, AL or getting it ready for the market.
Identify the new home you want to buy in Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, 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 Phil Campbell, 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 Phil Campbell offer immediate access to funds that can help bridge the gap between buying a new home before selling your current one. This can be advantageous in competitive real estate markets where quick transactions are crucial. Demographically, Phil Campbell, Alabama, is a small town with a tight-knit community. The population is diverse, consisting of families, retirees, and young professionals. The cost of living is relatively low compared to larger cities, making it an attractive place to settle down. The housing market in Phil Campbell is stable with a range of affordable options available. Bridge loans can provide flexibility to buyers by allowing them to secure a new home before finalizing the sale of their existing property. This can prevent missing out on a desired home due to timing constraints. Main attractions in Phil Campbell include the Dismals Canyon, a natural wonder with unique rock formations and glowing insects. Additionally, the town hosts various community events throughout the year, fostering a sense of belonging among residents.
Benefits of Bridge Loans in Phil Campbell, Alabama
