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Navigating the process of buying a new home in Saginaw, 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 Saginaw, AL or getting it ready for the market.
Identify the new home you want to buy in Saginaw, 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 Saginaw, 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 Saginaw, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saginaw, 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 Saginaw, 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 Saginaw, 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 Saginaw, 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 Saginaw, 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 Saginaw, Alabama offer numerous benefits to homebuyers. One of the key advantages is the ability to purchase a new home before selling the existing one. This provides flexibility and eliminates the need to rush into a sale or compromise on price. Demographics in Saginaw, Alabama indicate a diverse community with a mix of age groups. The population enjoys a suburban feel with a range of housing options. The area is family-friendly, with top-rated schools and a strong sense of community spirit. The housing market in Saginaw, Alabama is currently seeing steady growth, with a rise in property values and a demand for quality homes. Bridge loans facilitate quick transactions, allowing buyers to take advantage of favorable market conditions and secure their dream home. Saginaw, Alabama boasts several main attractions, including beautiful parks, quaint shops, and local dining options. Residents can enjoy outdoor activities such as hiking and fishing, making it an ideal location for nature lovers and outdoor enthusiasts.
Benefits of Bridge Loans in Saginaw, Alabama
