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Navigating the process of buying a new home in Samantha, 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 Samantha, AL or getting it ready for the market.
Identify the new home you want to buy in Samantha, 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 Samantha, 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 Samantha, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Samantha, 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 Samantha, 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 Samantha, 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 Samantha, 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 Samantha, 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 provide individuals in Samantha, Alabama, with the flexibility to transition smoothly between the purchase of a new home and the sale of their existing property. These short-term loans offer immediate access to funds, allowing buyers to secure their dream home without being contingent on the sale of their current one. Demographics in Samantha, Alabama, depict a diverse community with a mix of young families, professionals, and retirees. The town boasts a close-knit atmosphere with a strong sense of community spirit, making it an ideal place for families looking to settle down in a welcoming environment. The housing market in Samantha, Alabama, is competitive yet offers a range of housing options to cater to varying needs. From cozy single-family homes to modern apartment complexes, the market provides opportunities for buyers with different preferences and budgets to find their perfect home. Samantha, Alabama, is home to several main attractions that showcase the town's charm and history. From serene parks and recreational facilities to local eateries and cultural landmarks, residents and visitors alike can enjoy a vibrant blend of activities that cater to diverse interests within the community.
Benefits of Bridge Loans in Samantha, Alabama
