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Navigating the process of buying a new home in Safford, 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 Safford, AL or getting it ready for the market.
Identify the new home you want to buy in Safford, 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 Safford, 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 Safford, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Safford, 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 Safford, 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 Safford, 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 Safford, 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 Safford, 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 Safford, Alabama offer a unique financing solution for individuals looking to purchase a new home before selling their current one. These loans provide immediate funds to cover the down payment and closing costs, allowing homeowners to secure their dream home without the stress of timing the sale of their existing property. Safford, Alabama, located in the heart of the state, boasts a diverse population with a rich history. The demographics of the area include a mix of families, young professionals, and retirees, creating a vibrant community that welcomes all walks of life. The housing market in Safford, Alabama, is currently experiencing steady growth, making it an attractive location for both buyers and sellers. With affordable home prices compared to nearby urban areas, Safford offers a range of housing options from quaint historic homes to modern new constructions. Some of the main attractions in Safford, Alabama, include the scenic Cahaba River, perfect for outdoor activities like fishing and kayaking. The area also features local shops, restaurants, and community events that showcase the town's charm and hospitality, making it a delightful place to call home.
Benefits of Bridge Loans in Safford, Alabama
