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Navigating the process of buying a new home in Rogersville, 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 Rogersville, AL or getting it ready for the market.
Identify the new home you want to buy in Rogersville, 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 Rogersville, 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 Rogersville, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Rogersville, 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 Rogersville, 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 Rogersville, 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 Rogersville, 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 Rogersville, 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 offer residents in Rogersville, Alabama, a flexible financing option that can bridge the gap between the purchase of a new home and the sale of their existing one. This allows homeowners to access funds quickly, enabling timely property purchases without the need to wait for their current home to sell. Demographically, Rogersville is a charming town with a population of approximately 1,257 residents. The community is close-knit, offering a small-town feel with access to essential amenities and services that cater to residents of all ages and backgrounds. In terms of the housing market, Rogersville presents a mix of historic properties and modern homes, catering to diverse preferences. The market is stable, with a steady demand for properties, making it an attractive location for both buyers and sellers looking for potential growth and investment opportunities. Some of the main attractions in Rogersville include Joe Wheeler State Park, offering outdoor recreational activities such as camping, fishing, and hiking. The Wheeler Lake and Lauderdale Wildlife Management Area also provide opportunities for nature enthusiasts to explore the natural beauty that surrounds the town.
Benefits of Bridge Loans in Rogersville, Alabama
