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Navigating the process of buying a new home in Samson, 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 Samson, AL or getting it ready for the market.
Identify the new home you want to buy in Samson, 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 Samson, 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 Samson, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Samson, 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 Samson, 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 Samson, 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 Samson, 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 Samson, 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 Samson, Alabama offer a flexible financing solution for homeowners looking to purchase a new home before selling their current one. These loans provide quick access to funds, allowing individuals to secure their new property without the stress of timing the sale of their existing home. Samson, Alabama, with a population of approximately 2000 residents, is known for its tight-knit community and friendly atmosphere. The town boasts a diverse demographic makeup, with a mix of young families, retirees, and professionals calling it home. The local housing market in Samson, Alabama, presents a range of opportunities for both buyers and sellers. With a median home price below the national average, the town offers affordable housing options for first-time buyers and those looking to upgrade or downsize. While in Samson, visitors can explore attractions such as the Samson City Park, known for its scenic beauty and recreational facilities, and the historic downtown area with quaint shops and local eateries. The town's proximity to outdoor amenities like hiking trails and fishing spots also makes it a desirable location for nature lovers.
Benefits of Bridge Loans in Samson, Alabama
