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Navigating the process of buying a new home in Satsuma, 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 Satsuma, AL or getting it ready for the market.
Identify the new home you want to buy in Satsuma, 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 Satsuma, 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 Satsuma, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Satsuma, 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 Satsuma, 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 Satsuma, 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 Satsuma, 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 Satsuma, 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!
Satsuma, Alabama offers a variety of benefits when considering a bridge loan. These short-term loans provide immediate financial support to bridge the gap between the purchase of a new home and the sale of a current one. Bridge loans in Satsuma can be advantageous for homebuyers looking to move quickly without the pressure of selling their existing home first. Demographics: Satsuma is a charming city with a population that values community and a small-town atmosphere. The demographics of Satsuma consist of predominantly middle-class families, offering a friendly and welcoming environment for residents and newcomers alike. Housing Market: The housing market in Satsuma is stable, with a range of property options to suit various needs. Bridge loans can help homebuyers take advantage of opportunities in this competitive market by providing the necessary funds to secure a new home while waiting to sell their current one. Main Attractions: Satsuma boasts beautiful parks, recreational facilities, and a vibrant local culture. Attractions like the Satsuma Community Center and Satsuma Public Library offer residents and visitors opportunities for education, recreation, and community involvement.
Benefits of Bridge Loans in Satsuma, Alabama
