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Navigating the process of buying a new home in Rainbow City, 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 Rainbow City, AL or getting it ready for the market.
Identify the new home you want to buy in Rainbow City, 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 Rainbow City, 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 Rainbow City, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rainbow City, 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 Rainbow City, 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 Rainbow City, 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 Rainbow City, 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 Rainbow City, 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 offer quick access to funds for homebuyers looking to purchase a new home before selling their existing property. This can help to secure the new property without having to wait for the current one to sell, avoiding the risk of missing out on a dream home or investment opportunity. Demographics: Rainbow City, Alabama, boasts a diverse population with a mix of young professionals, families, and retirees. The city has a strong sense of community and offers a range of amenities to cater to residents of all ages and backgrounds. Housing Market: The housing market in Rainbow City is stable, with a variety of housing options available to suit different budgets and preferences. The area has seen steady growth in property values, making it an attractive location for both homebuyers and investors. Main Attractions: Rainbow City is known for its picturesque surroundings, with opportunities for outdoor activities such as hiking, fishing, and boating. The city also offers a range of dining options, shopping centers, and cultural attractions to enjoy.
Bridge Loans in Rainbow City, Alabama
