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Navigating the process of buying a new home in Saint Elmo, 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 Saint Elmo, AL or getting it ready for the market.
Identify the new home you want to buy in Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, 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 Saint Elmo, Alabama provide individuals with the financial flexibility to transition smoothly from one home to another without the pressure of selling their current home first. This convenience allows homeowners to secure their dream home without the stress of strict timelines. Saint Elmo, Alabama, boasts a diverse population with a median age of 38. The community is rich in history and culture, offering a blend of Southern hospitality and small-town charm. The demographics include a mix of families, retirees, and young professionals, creating a vibrant and welcoming environment. The housing market in Saint Elmo is dynamic, offering a range of options from historic homes to modern properties. With a median home price below the national average, Saint Elmo presents an affordable option for homebuyers. Bridge loans can help individuals take advantage of these housing opportunities. Notable attractions in Saint Elmo include the Historic Saint Elmo Square, known for its picturesque architecture and quaint shops. Outdoor enthusiasts can enjoy the nearby trails and parks, while food lovers can savor the local cuisine in charming restaurants. The community offers a peaceful retreat with easy access to city amenities.
Benefits of Bridge Loans in Saint Elmo, Alabama
