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Navigating the process of buying a new home in Ranburne, 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 Ranburne, AL or getting it ready for the market.
Identify the new home you want to buy in Ranburne, 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 Ranburne, 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 Ranburne, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Ranburne, 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 Ranburne, 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 Ranburne, 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 Ranburne, 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 Ranburne, 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 in Ranburne, Alabama offer a short-term financing solution for individuals looking to bridge the gap between the purchase of a new home and the sale of their existing one. They provide quick access to funds, allowing buyers to secure a new property without being contingent on selling their current one. Demographics Ranburne, Alabama, has a population of approximately 400 residents, with a median household income of $45,000. The town boasts a tight-knit community feel, making it an ideal location for individuals looking for a close community atmosphere. Housing Market The housing market in Ranburne is characterized by a mix of traditional single-family homes and newer construction properties. The median home price in the area is $150,000, making it an affordable option for buyers. With the help of bridge loans, buyers can take advantage of the housing market and secure their dream home quickly. Main Attractions Ranburne is known for its scenic parks and outdoor recreational opportunities. The town's close proximity to nature trails and fishing spots makes it a haven for outdoor enthusiasts. Additionally, the charming downtown area offers a variety of local shops and restaurants for residents to enjoy.
Bridge Loans in Ranburne, Alabama
