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Navigating the process of buying a new home in Scottsboro, 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 Scottsboro, AL or getting it ready for the market.
Identify the new home you want to buy in Scottsboro, 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 Scottsboro, 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 Scottsboro, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Scottsboro, 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 Scottsboro, 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 Scottsboro, 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 Scottsboro, 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 Scottsboro, 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 Scottsboro, Alabama offer a quick and flexible financing option for individuals looking to purchase a new home before selling their existing one. These loans provide the convenience of accessing funds without having to wait for the sale of the current property, allowing for a smooth transition between homes. Scottsboro, Alabama, with a population of approximately 14,000 residents, is a charming city known for its rich history and scenic beauty. The demographics of the city include a mix of families, young professionals, and retirees, creating a vibrant and diverse community. The housing market in Scottsboro, Alabama, is competitive yet affordable, making it an attractive location for homebuyers. With a variety of housing options ranging from historic homes to modern developments, individuals can find properties that suit their preferences and budget. Some of the main attractions in Scottsboro, Alabama, include the picturesque Lake Guntersville, where residents and visitors can enjoy water activities and outdoor recreation. The city is also home to the Unclaimed Baggage Center, a popular retail store offering unique shopping experiences.
Bridge Loans in Scottsboro, Alabama
