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Navigating the process of buying a new home in Piedmont, 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 Piedmont, AL or getting it ready for the market.
Identify the new home you want to buy in Piedmont, 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 Piedmont, 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 Piedmont, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont, 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 Piedmont, Alabama offer a flexible financing option for individuals looking to purchase a new home before selling their existing one. These loans provide quick access to funds, enabling buyers to bridge the gap between the purchase of a new property and the sale of their current one. Demographics: Piedmont, Alabama, is a charming town with a population of approximately 5,000 residents. The community is known for its close-knit atmosphere, friendly neighbors, and strong sense of community spirit. The town has a mix of young families, professionals, and retirees, creating a diverse and vibrant population. Housing Market: The housing market in Piedmont, Alabama, offers a range of options including single-family homes, townhouses, and condominiums. The market is competitive, with a mix of new construction and older, more established properties. Bridge loans can help buyers navigate this market by providing the financial flexibility needed to secure their dream home. Main Attractions: Piedmont, Alabama, boasts a variety of attractions for residents and visitors alike. Outdoor enthusiasts can explore nearby parks, lakes, and hiking trails, while history buffs can tour local museums and historical sites. The town also offers a lively downtown area with shops, restaurants, and community events.
Benefits of Bridge Loans in Piedmont, Alabama
