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Navigating the process of buying a new home in Randolph, 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 Randolph, AL or getting it ready for the market.
Identify the new home you want to buy in Randolph, 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 Randolph, 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 Randolph, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Randolph, 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 Randolph, 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 Randolph, 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 Randolph, 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 Randolph, 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 Randolph, Alabama offer several benefits. They provide a short-term financing solution for homebuyers who need to purchase a new home before selling their existing one. This type of loan can help avoid a contingent offer, making your offer more competitive in a hot real estate market. Demographics in Randolph, Alabama show a diverse community with a mix of residents from various backgrounds. The town has a strong sense of community and belonging, making it an ideal place for families and individuals looking for a close-knit atmosphere. The housing market in Randolph, Alabama is stable with a steady increase in property values. The demand for homes is high, especially due to the town's proximity to major cities and employment opportunities. Bridge loans can help buyers take advantage of this market by providing quick financing options. Main attractions in Randolph, Alabama include beautiful parks, local shops, and historical sites. The town offers a peaceful and scenic environment, making it a desirable place to live. With the help of a bridge loan, you can secure a home in this charming town and enjoy all that it has to offer.
Benefits of Bridge Loans in Randolph, Alabama
