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Navigating the process of buying a new home in Pine Apple, 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 Pine Apple, AL or getting it ready for the market.
Identify the new home you want to buy in Pine Apple, 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 Pine Apple, 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 Pine Apple, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pine Apple, 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 Pine Apple, 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 Pine Apple, 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 Pine Apple, 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 Pine Apple, 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 Pine Apple, Alabama offer a crucial funding solution for individuals looking to purchase a new home before selling their existing one. These loans provide short-term financing to bridge the gap between the sale of the old property and the purchase of a new one, offering flexibility and convenience to homeowners. Pine Apple, Alabama is a charming rural town with a population of approximately 132 residents. The town boasts a close-knit community where neighbors are like family. With a rich history dating back to the early 19th century, Pine Apple offers a peaceful environment ideal for those seeking a slower pace of life. The housing market in Pine Apple, Alabama is characterized by affordable home prices and a variety of property types, including historic homes, ranch-style houses, and spacious lots. Bridge loans can help homebuyers take advantage of these opportunities by providing the necessary funds to secure their dream home in this quaint town. Main attractions in Pine Apple include the Pine Apple Historic District, renowned for its well-preserved architecture and picturesque streets. Visitors can also explore the Conecuh National Forest, perfect for outdoor enthusiasts looking to hike, camp, and enjoy nature at its finest.
Benefits of Bridge Loans in Pine Apple, Alabama
