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Navigating the process of buying a new home in Plantersville, 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 Plantersville, AL or getting it ready for the market.
Identify the new home you want to buy in Plantersville, 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 Plantersville, 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 Plantersville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Plantersville, 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 Plantersville, 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 Plantersville, 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 Plantersville, 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 Plantersville, 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!
Benefits of Bridge Loans: Bridge loans provide quick financing solutions for individuals looking to bridge the gap between the purchase of a new property and the sale of their existing one. This type of loan offers flexibility and convenience to borrowers, allowing them to secure funds for a down payment without having to wait for their current home to sell. Demographics: Plantersville, Alabama, is a small, close-knit community with a population of around 500 residents. The area boasts a diverse population, with a mix of families, young professionals, and retirees. The community is known for its friendly atmosphere and strong sense of community spirit. Housing Market: The housing market in Plantersville is stable, with a mix of historic homes and new developments. The average home price in the area is affordable, making it an attractive option for first-time homebuyers and those looking to downsize. Bridge loans can help buyers secure their dream home in this competitive market. Main Attractions: Plantersville offers a range of attractions for residents and visitors alike. The town is home to beautiful parks, local shops, and dining options. Outdoor enthusiasts can enjoy hiking trails and fishing spots nearby, while history buffs can explore the area's historic sites and landmarks.
Bridge Loans in Plantersville, Alabama
