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Navigating the process of buying a new home in Pine Level, 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 Level, AL or getting it ready for the market.
Identify the new home you want to buy in Pine Level, 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 Level, 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 Level, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Pine Level, 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 Level, 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 Level, 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 Level, 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 Level, 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 Level, Alabama offer a valuable solution for homebuyers. These loans provide short-term financing to bridge the gap between the purchase of a new home and the sale of the current one. This enables buyers to secure a new property without the need to wait for their existing home to sell. Demographics: Pine Level, located in Autauga County, has a population of approximately 4,300 residents. The area boasts a diverse community, with a mix of young families, professionals, and retirees. The town offers a peaceful and close-knit environment, ideal for those looking for a quiet place to call home. Housing Market: The housing market in Pine Level is competitive yet offers affordable options compared to neighboring areas. Bridge loans can be particularly beneficial in this market, as they allow buyers to act quickly on desirable properties. The average home price is around $200,000, providing a range of choices for various budgets. Main Attractions: Pine Level is known for its serene natural surroundings, including the Pine Level Park and Autauga Creek. Residents enjoy outdoor activities like hiking, fishing, and picnicking. The town also has local shops, restaurants, and a strong sense of community, making it a welcoming place to live.
Benefits of Bridge Loans in Pine Level, Alabama
