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Navigating the process of buying a new home in Seminole, 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 Seminole, AL or getting it ready for the market.
Identify the new home you want to buy in Seminole, 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 Seminole, 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 Seminole, AL to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Seminole, 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 Seminole, 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 Seminole, 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 Seminole, 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 Seminole, 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 Seminole, Alabama offer a valuable financial tool for individuals looking to transition smoothly between the purchase of a new home while selling their current property. These short-term loans provide flexibility by covering the financing gap until the sale of the existing home is finalized. Demographics: Seminole, Alabama, boasts a diverse community with a mix of families, young professionals, and retirees. The town is known for its strong sense of community, excellent schools, and affordable cost of living, making it an attractive place to live for people of all ages. Housing Market: The housing market in Seminole, Alabama, is stable with steady appreciation rates. Bridge loans can help buyers secure their dream homes in this competitive market by providing the necessary funds to make a quick offer while leveraging their existing property. Main Attractions: Seminole offers a range of recreational activities, including hiking trails, parks, and local festivals. The town's proximity to natural wonders like Lake Seminole and the Conecuh National Forest make it an ideal location for outdoor enthusiasts.
Exploring the Benefits of Bridge Loans in Seminole, Alabama
